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Indonesian inflation accelerates to fastest pace in 7 months

Indonesia’s annual inflation accelerated to its highest level in seven months in April following uncertainty about the government’s plan to increase the price of subsidised fuel.

The Central Statistics Agency announced on Tuesday that consumer prices rose 4.5 percent last month from the same period a year earlier. In March, that figure was 3.97 percent.

A Bloomberg News survey of 17 economists reported an average forecast of a rise of 4.46 percent.

(Source: Jakarta Globe)