CLSA INDO UPDATE - APRIL CPI DATA OUT: BIT HIGH, BUT IN LINE

- The Indo Govt just released its April inflation data. The numbers came in a bit higher than expectations, but not alarmingly
- 0.15%MoM (vs expectaitons of 0.07%) and 3.91%YoY (vs exp
- Not a surprise that Indonesia's strong GDP growth is pushing inflation a bit higher, but that is altoghether more reason to suspect the currency might appreciate more to battle that.