(MENAFN) Indonesia's inflation grew at slower pace in April to 3.6pct on yearly basis from 4.45pct in March, allowing the central bank to continue to hold its benchmark interest rate this month.
In particular, the deflation on food prices, 0.94pct in April, contributed the highest to the slowing inflation, plus the highest contributive factors to the deflation include the reduction of prices of subsidized-fuel prices.
Additionally, core inflation, excluding volatile components and prices determined by the government, eased by 3.41 percent in April on year, compared with percent 3.50 percent throughout March.
All in all, the central bank, which has adopted the reverse repo rate as a new policy for its benchmark interest rate beginning August of the current year, targets 2016 inflation to remain between 3-5 percent.
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