JAKARTA. Indonesia experienced deflation of 0.02% in March because of a harvest season that helped push down prices of several major food commodities, bringing annual inflation to 3.63%, the Central Statistics Agency (BPS) reported on Monday.It was the first deflation this year after the inflation rate of Southeast Asia's largest economy rose 0.97% in January and 0.23% in February.BPS head Suhariyanto said the deflation in March was a little outside of expectations as Bank Indonesia (BI) previously predicted inflation at 0.05% and several analysts also forecast a low inflation rate.
Indonesia experiences 0.02% deflation in March
JAKARTA. Indonesia experienced deflation of 0.02% in March because of a harvest season that helped push down prices of several major food commodities, bringing annual inflation to 3.63%, the Central Statistics Agency (BPS) reported on Monday.It was the first deflation this year after the inflation rate of Southeast Asia's largest economy rose 0.97% in January and 0.23% in February.BPS head Suhariyanto said the deflation in March was a little outside of expectations as Bank Indonesia (BI) previously predicted inflation at 0.05% and several analysts also forecast a low inflation rate.