In­done­sia’s in­fla­tion weak­est in 7 years

China Daily (Canada) - - BUSINESS -

In­done­sia’s con­sumer prices ac­cel­er­ated at the slow­est pace since 2009 inMay as food prices de­clined, giving room for its cen­tral bank to trim its benchmark in­ter­est rate this month. The Na­tional Statis­tic Bureau said the con­sumer price in­dex dropped to 3.33 per­cent from a year ear­lier, com­pared with 3.6 per­cent in April. Of­fi­cials said the prices of rice, tomato, and chilly, wit­nessed de­fla­tion, but that houses prices, and the cost of elec­tric­ity and wa­ter were in check.

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