Indonesian central bank said consumer prices could fall on a monthly basis in March and April, after a 0.09% in February.
“March to April is harvest season and we’re also reviewing energy prices, so there is a good chance (of monthly price falls),” Governor Agus Martowardojo told reporters, adding that the February annual inflation rate of 4.42 percent was still in line with the central bank’s target.
Bank Indonesia will review its monetary policy on March 16-17.
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