Indonesia's July inflation rate eases to 1.54%: stats bureau

[JAKARTA] Indonesia's inflation rate eased in July as consumption remains sluggish amid the novel coronavirus outbreak, falling further from the central banks target range, data from the country's statistics bureau showed on Monday.

The July annual inflation rate eased to 1.54 per cent, from 1.96 per cent a month earlier, and compared with 1.66 per cent predicted in a Reuters poll. The July rate is the lowest since May 2000, according to Refinitiv Eikon data.

Bank Indonesia's target range for 2020 is 2 per cent to 4 per cent.

The annual core inflation rate also eased to 2.07 per cent in July, from 2.26 per cent a month earlier. The poll forecast 2.11 per cent.

REUTERS

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