Indonesia May inflation seen picking up to 2.97 percent
Indonesia's annual inflation likely rose to 2.97% in May amid higher fuel costs. The April trade surplus is expected to narrow to $1.50 billion.
Indonesia inflation likely rose to 2.97% in May as the April trade surplus fell to $1.50 billion. The inflation rate nears the upper limit of the central bank's 1.5% to 3.5% target range. Rising price pressures coincide with a narrowing trade gap.
### Fuel and Food Drive Price Acceleration A Reuters poll of 14 economists suggests headline inflation accelerated from April levels. Median forecasts show core inflation reaching 2.52%, up from 2.44% the previous month, based on responses from 12 respondents. Rising costs for non-subsidized fuel, airfares, and cooking oil drove the increase, according to the survey.
