Indonesia inflation rate stays below central bank target zone in March

An employee counts Indonesian rupiah banknotes at a money changer's office in Jakarta. - AFP PHOTO / ADEK BERRY

JAKARTA: Indonesia's annual inflation rate was 1.03% in March, the statistics bureau said on Tuesday, missing market expectations and also staying below the central bank's target range for the third consecutive month.

A Reuters poll of analysts had expected an annual inflation rate of 1.17% in March. Bank Indonesia targets inflation within a range of 1.5% to 3.5%.