Indonesia’s annualised inflation drifts up 3.32pc in May

11 June, 2019 12:00 AM printer

JAKARTA: Indonesian consumer price index edged up in May year-over-year as seasonally rising demand of basic food commodities buoyed prices during Islamic fasting month.

National statistics bureau announced on Monday that annualized inflation in May picked up 3.32 percent, coming above 2.83 percent in the presiding month, reports Xinhua.

On month, inflation accelerated at a faster pace 0.62 percent compared with 0.44 percent in April, head of the bureau Kecuk Suhariyanto said.

Muslims in Indonesia, the world's largest Muslim nation, performed fasting from May 5, and it ended with the Islamic festivity of Eid al-Fitr.