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Islanders flock to Charlottetown Flea Market for affordable finds amid rising costs | SaltWireJAKARTA - Indonesia's annual inflation rate cooled slightly in April as pressure from some food prices eased as the harvest season began, the country's statistics bureau said on Thursday, staying within the central bank's 1.5% to 3.5% target range.The Consumer Price Index rose 3.00% on a yearly basis in April, compared with the 3.
Volatile food inflation was recorded at 9.63% last month, down from 10.33% the previous month, with rice stocks improving at the start of harvest season.Inflation in Southeast Asia's largest economy has been within Bank Indonesia's target range since mid-2023, but the central bank last week raised its policy rates to support the rupiah currency amid global uncertainty about the timing of any U.S. monetary easing and wars in Ukraine and the Gaza Strip.
Myrdal Gunarto, an economist with Maybank Indonesia, said price pressures should continue to gradually decrease, as household spending in Indonesia typically peaks during Eid al-Fitr, which fell in April this year.
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