CPI data for April to be released on 15 May
Economists expect overall inflation to fall to 3.4% and core inflation to 3.7% by the end of April
The Consumer Price Index (CPI) is a measure of the change over time in the general level of prices for goods and services purchased by households. The CPI is calculated by taking the average price of a basket of goods and services and comparing it to the average price of the same basket in a previous period. The CPI is a key indicator of inflation, which is the rate at which prices are rising. The CPI data for April will be released on 15 May. Economists expect overall inflation to fall to 3.4% and core inflation to 3.7% by the end of April. Overall inflation is the rate at which prices for all goods and services are rising. Core inflation is the rate at which prices for all goods and services except food and energy are rising. The CPI data for April will be closely watched by the Bank of Indonesia, which sets the country's interest rates. The Bank of Indonesia has been raising interest rates in an effort to curb inflation. The CPI data for April will provide the Bank of Indonesia with information on whether its efforts to curb inflation are working.
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