Indonesia Consumer Prices Rebound 1.03%

(RTTNews) - Indonesia's consumer prices increased in March after falling for the first time in more than two decades in February, data from the statistics bureau showed on Tuesday.

The consumer price index climbed 1.03 percent year-on-year in March, reversing a 0.09 percent decrease in the previous month. Economists had expected prices to rise by 1.16 percent.

However, the inflation rate is below the central bank's target range of 1.5 to 3.5 percent.

Data also showed that core inflation stood at 2.48 percent versus an expected rate of 2.50 percent.

Prices for food products grew 2.07 percent from last year, and those for clothing and footwear increased by 1.41 percent. Health costs were 1.80 percent more expensive, while utility charges continued to fall by 4.68 percent.

On a monthly basis, consumer prices moved up 1.65 percent in March.