Indonesia’s annual inflation rate declined to 2.67% in April 2020 from 2.96% in March, and compared to market expectations of 2.77 percent. It was the lowest inflation rate since March last year, amid restriction measures that led consumers to stay at home. Prices softened for: housing & utilities (1.22% vs 1.32% in March); food, drinks, tobacco (5.28% vs 6.15%); food services & restaurant (3.99% vs 4.01%); recreation, sport & culture (1.56% vs 1.61%); furnishings (2.49% vs 2.62%), and education (3.75% vs 3.77%).

In addition, cost fell more for transport (-1.78% vs -1.09%); information, communication & financial services (-0.37% vs -0.12%). Meantime, inflation accelerated for personal care & other services (6.49% vs 5.40%). Annual core inflation edged down to 2.85% from 2.87%, below forecasts of 2.9 percent. On a monthly basis, consumer prices rose 0.08% in April, the least since October 2019, after a 0.10% gain in March.