Indonesia’s headline inflation eases in August, core prices rise

INDONESIA’S inflation eased more than expected in August, staying above the central bank’s 2 per cent to 4 per cent target range, while core consumer prices rose, statistics bureau data showed on Thursday.

The headline annual inflation rate cooled to 4.69 per cent in August from 4.94 per cent a month prior. A Reuters poll had expected an August rate of 4.90 per cent. 

The annual core inflation rate, which excludes government-controlled prices and volatile food prices, accelerated to 3.04 per cent in August, roughly in line with the 3 per cent forecast in the poll, from 2.86 per cent in July. REUTERS