Indonesia's August inflation eases to 1.32% y-o-y, new 20-year low

[JAKARTA] Indonesia's inflation rate cooled further in August to 1.32 per cent from a year earlier, statistics bureau data showed on Tuesday, the lowest reading in two decades and below the central bank's target range, as the coronavirus pandemic hurt demand.

The August annual inflation rate was the slowest since May 2000, according to Refinitiv Eikon data, and compared with 1.40 per cent expected in a Reuters poll. The rate in July was 1.54 per cent.

The inflation rate has stayed below the central bank's target range of 2 per cent -4 per cent for three months due to reduced economic activity.

The annual core inflation rate was 2.03 per cent in August, a touch below the 2.07 per cent in July and roughly in line with the poll's 2.00 per cent forecast.

REUTERS