In­done­sian in­fla­tion picks up in March, rises up to 6.38 per­cent

The China Post - - WORLD BUSINESS -

In­done­sia’s in­fla­tion picked up to 6.38 per­cent in March, of­fi­cial data showed Wed­nes­day, as the price of fuel and rice rose in Southeast Asia’s big­gest econ­omy.

The year-on-year in­crease in prices com­pared with Fe­bru­ary’s 6.29 per­cent, the statis­tics agency said.

The cost of petrol rose last month af­ter global oil prices briefly strength­ened, mainly due to geopo­lit­i­cal ten­sions in­clud­ing the Ye­men cri­sis, said agency chief Suryamin, who goes by one name.

At the start of this year, Jakarta largely abol­ished a decades-old regime of heav­ily sub­si­dis­ing fuel — which had proven ex­tremely costly — and let prices float with the mar­ket. a key driver of Ger­man in­dus­try and ex­ports.

In Fe­bru­ary, over­all in­com­ing or­ders fell by 3.0 per­cent com­pared with the same month a year ear­lier, VDMA said in a state­ment, with ex­port or­ders stag­nat­ing while do­mes­tic or­ders slumped by 7.0 per­cent.

Mak­ing a three-month com­par­i­son to iron out short-term fluc­tu­a­tions, VDMA said over­all or­ders rose by 4.0 per­cent in the pe­riod from De­cem­ber to Fe­bru­ary.

For­eign or­ders in­creased by 6.0 per­cent in the three-month pe­riod while do­mes­tic or­ders stag­nated, VDMA cal­cu­lated.

“Weak do­mes­tic de­mand shows that we mustn’t al­low our­selves to be daz­zled by record ex­ports,” said VDMA chief Thilo Brodt­mann.

Newspapers in English

Newspapers from Taiwan

© PressReader. All rights reserved.