Indonesia’s July inflation rate eases to lowest since February 2022
It drops to an annual rate of 2.13%, driven by lower prices of communication and financial services
Add BT as a preferred source
[JAKARTA] Indonesia’s consumer price index decelerated more than anticipated, dropping to an annual rate of 2.13 per cent in July, driven by lower prices of communication and financial services, the statistics bureau reported on Thursday (Aug 1).
The figure was lower than a Reuters projection of 2.4 per cent, but remained within Bank Indonesia’s 1.5 to 3.5 per cent target range.
The July inflation marked the slowest rate since February 2022, said Amalia Adininggar, the acting head of the statistics bureau.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
PayPal plans job cuts as its new CEO pursues turnaround strategy
MAS, bank CEOs convene over AI cyberthreats; boards told to own risks, not leave to IT teams
