Indonesia's consumer price index (CPI) rose 1.95% on year in April, rising from the 1.03% on-year rate logged March, reported Statistics Indonesia on Friday.

Though Indonesia's reported inflation rate is rising, it is still within the 1.5% to 3.5% target inflation band of the nation's central bank, Bank Indonesia.

For the first four months of the year, Indonesia's CPI gained 1.56% from the same period a year earlier.

Indonesia's core CPI, which excludes fresh food prices and certain government-administered prices, rose 2.50% in April, on year, added Statistics Indonesia.

For the January through April period, Indonesia's core CPI gained 1.10% from the same period a year earlier.

Like many other nations, Indonesia experienced higher inflation rates during and in the aftermath of the COVID-19 pandemic, including a crest of 5.95% on year in September of 2022.

The official inflation rate generally declined through 2022 and 2024, as Bank Indonesia raised its key policy rate to 6.25% from 3.5%, in the same time frame.

Bank Indonesia began easing interest rates in September of last year, to the present level of 5.75%.

Indonesia's central bank may implement two more rate cuts in 2025, said ING Think, an arm of the Dutch investment house, in mid-March.

Due to tariff turmoil and the fluctuating exchange rate of the Indonesian rupiah, ING Think said it expects, "only two more cuts of 25 basis points each (vs. three earlier) in 2025, taking the Bank Indonesia rate to 5.25% this year."