JAKARTA - Indonesia's inflation rate fell to a better-than-expected 7.12 per cent in March thanks to cheaper food prices, according to official figures released yesterday.
Officials said the consumer price index fell 0.23 per cent in March, consistent with a historical trend towards low inflation figures for the month. Indonesia's inflation statistics are not seasonally adjusted. But the fall from an annual rate of 7.34 per cent in February was better than expected by local economists. It also remained below the 9 per cent rate forecast by the government.
New figures released yesterday also showed Indonesia's trade surplus fell to $1.92bn in February from $2.02bn in January. Exports were $4.88bn in February while Indonesians imported $2.96bn in goods. Shawn Donnan, Jakarta