Indonesia Inflation Quickens to 20-Month High on Food, Power
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Indonesia’s inflation accelerated to a 20-month high in February on higher food prices and power tariffs, reducing scope for the central bank to cut interest rates as exports falter.
Consumer prices climbed 5.31 percent from a year earlier, after a previously reported 4.57 percent gain in January, the Statistics Bureau said in Jakarta today. The median estimate in a Bloomberg News survey of 18 economists was 4.81 percent.