APSN Banner

Inflation picks up sharply in April

Source
Agence France Presse - May 4, 2004

Jakarta – Indonesia's annualised inflation rate rose to 5.92 percent in April due to higher food prices compared to 5.11 percent in March, the Central Bureau of Statistics said Tuesday.

The consumer price index (CPI) was up 0.97 percent month-on-month, said bureau deputy chairman Slamet Mukeno. He said all items in the index recorded price increases in April.

The official inflation forecast for this year is 6.5 percent.

The government has won praise from the International Monetary Fund in the past two years for bringing down high inflation and interest rates whilst also stabilising the rupiah.

Country