Indonesia inflation may have picked up in June

The National Statistics Agency (BPS) will release June CPI data on 1 July. 

A weaker Indonesian rupiah also likely contributed as it increased production costs for companies dependent on imported industrial inputs and capital goods.

"Headline inflation is expected to have picked up to 0.6% m/m (7.3% y/y) from 0.5% (7.2%) in May, while core inflation remained unchanged at 5.0% y/y", says Standard Chartered. 

The pick-up was likely driven by increasing food prices due to stronger demand during this Ramadan season. 

"Headline inflation of 3.7% y/y is expected at end-2015, versus 8.4% at end-2014", added Standard Chartered.