Indonesia Inflation Slows, Providing Room to Hold Key Rate
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Indonesia’s inflation slowed for a third straight month in April as food prices declined during the harvest period, giving the central bank room to refrain from raising interest rates when policy makers meet May 12.
Consumer prices in Southeast Asia’s biggest economy rose 6.16 percent last month from a year earlier, after gaining 6.65 percent in March, the Central Bureau of Statistics said in Jakarta today. That’s less than the 6.4 percent median forecast in a Bloomberg News survey of 19 economists.