Indonesia's Annual Inflation Cools to 1.60% in May

INFLATION - JAKARTA. Indonesia's annual inflation rate decelerated more than expected in May to 1.60%, compared with a 1.94% median forecast in a Reuters poll of analysts, data from the statistics bureau showed on Monday.

On a monthly basis, the Consumer Price Index fell 0.37%, compared with a fall of 0.01% expected by analysts in the poll.