Indonesia inflation rate fell to an eleven-month low of 4.33% YoY in April, down from 4.97% in the previous month, with food prices experiencing the smallest increase in 13 months, at 4.58% YoY. The inflation rate remained above the central bank’s 2-4% target for the eleventh consecutive month. Consumer prices increased by 0.33% MoM in April, following a 0.18% rise in the prior month. Concurrently, Indonesia’s manufacturing PMI advanced to 52.7 in April from 51.9 in March, marking the highest growth since April 2022.