Indonesia’s July inflation rate eases to lowest since February 2022

[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.