Indonesia Inflation Accelerates to 3.34% in June, Exceeding 3.2% Forecast

2 articles · Updated · TradingView · Jun 30

Indonesia’s annual inflation rose to 3.34% in June from 3.08% in May, the highest reading since March and above the 3.2% market forecast.
Core inflation quickened to 2.76% from 2.59%, a 38-month high that pointed to broader price pressure beyond volatile food and administered prices.
Monthly consumer prices increased 0.44%, up from 0.28% in May and above the 0.3% forecast, marking the strongest month-on-month rise since February.
The June reading still remained within Bank Indonesia’s 1.5% to 3.5% target range, though it moved closer to the upper bound.