Indonesia’s annual inflation accelerated to 1.68 percent in May of 2021, the highest since last December and compared to forecasts of 1.67 percent, mainly due to a faster rise in prices of food, drinks and tobacco (3.05% vs 2.33%), amid Ramadhan and Eid al-Fitr celebration. Also, prices increased more for food services & restaurant (2.73% vs 2.35% in April), clothing and footwear (1.32% vs 0.89%), furnishings (1.59% vs 1.41%), and education (1.58% vs 1.57%). Meanwhile, prices continued to rise for both transport (0.85% vs 1.01%) and housing & utilities (0.19% vs 0.20%). By contrast, prices of information, communication & financial services fell slightly (-0.04% vs 0.03%). Annual core inflation rate advanced to 1.37 percent, the highest since February, and slightly above market forecasts of 1.28 percent. On a monthly basis, consumer prices were up 0.32 percent in May, matching market consensus.