Indonesia inflation remains high despite forecast of easing

Jakarta

INFLATION remained unchanged yet high in Indonesia in July despite predictions of easing, as consumers stocked up on food and transport tickets ahead of the Muslim holiday of Eid Al-Fitr, government data showed on Monday.

The consumer price index rose 7.26 per cent year on year, the same increase as the previous month, according to the official statistics agency. Inflation in May was 7.15 per cent.