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Friday, Jul 01, 2022

Indonesia: Inflation rises to nearly five-year high

Indonesia: Inflation rises to nearly five-year high

Statistic Indonesia’s (BPS) consumer price index was up 3.55 percent in May, marking the fastest annual rise since December 2017.
Inflation in Indonesia has risen at the fastest pace in almost five years as restricted supplies of food and energy in the global market impact domestic consumer prices.

Statistic Indonesia (BPS) reported on Thursday that its consumer price index was up 3.55 percent year-on-year (yoy) in May, marking an acceleration from the annual rate of 3.47 recorded in April.

“The 3.55 percent [annual inflation rate] is the highest since December 2017,” BPS head Margo Yuwono said in a press briefing on Thursday.
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