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Article Of Economy Bank Indonesia eyes benign inflation in May Prima Wirayani The Jakarta Post Jakarta | Fri, May 27 2016 | 06:18 pm A meat vendor at a traditional market sells beef to absorb strong consumer demand ahead of the fasting month of Ramadhan in Indonesia (ANTARA/Agung Rajasa) Topics Bank Indonesia ( BI ) expects consumer prices in Indonesia to rise by 0.19 in May, which would bring year-on-year ( yoy) inflation down to 3.3 percent. BI Governor Agus Martowardojo said on Friday that a recent survey by the central bank had revealed that pressure from prices of horticultural products, such as red chili, had eased, although the price of broiler chicken still required a close watch. "We are still optimistic that our inflation target of 4 percent plus-minus 1 percent is within our reach," the central bank governor told reporters. The consumer price index fell by 0.45 percent in April, mainly due to lower staple food prices, while yoy inflatio