Indonesia’s foreign visitor arrivals down 89%

Inflation rate: A vendor sells seafood at a wet market in Jakarta. Indonesia’s annual inflation rate cooled for a second straight month in February to 1.38%, the slowest since August 2020. — Reuters

JAKARTA: The number of foreign visitors arriving in Indonesia fell 89.05% in January from a year earlier to around 141,300 amid global coronavirus-linked restrictions on travel, data released by the statistics bureau showed.

Indonesia’s annual inflation rate cooled for a second straight month in February to 1.38%, the slowest since August 2020, data from the statistics bureau showed.

February’s rate matched the median forecast of a Reuters poll of analysts and compared with January’s 1.55%.

The annual inflation rate has stayed below the central bank’s 2% to 4% target range for the most part during the Covid-19 pandemic because of weak demand.

The core inflation rate, which excludes volatile food and government-controlled prices, was 1.53% in February, roughly in line with the poll’s 1.52%. It slowed slightly from January’s 1.56%. — Reuters