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Correction: Indonesia's Annual Inflation Rate Rises to 3.08% in May

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(Corrects the month in the headline to May)

Indonesia's annual inflation rate increased to 3.08% in May from 2.42% in April, according to data from Statistics Indonesia published Tuesday.

On a monthly basis, consumer inflation was up 0.28%, compared with 0.13% a month earlier.

Meanwhile, the country's annual core component inflation rate was 2.59%, compared with the prior reading of 2.44%. Month over month, core consumer prices rose 0.22%, against the previous 0.23% increase.

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