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