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Indonesia's July annual inflation rate rises to 1.52%

Indonesia's July annual inflation rate rises to 1.52%

JAKARTA - Indonesia's annual inflation rate picked up pace in July as prices of some food and health products rose, data from the statistics bureau showed on Monday (Aug 2). The July consumer price index rose 1.52per cent on yearly basis, higher compared with 1.45 percent expected in a Reuters poll and a 10-month-low inflation rate of 1.33 percent in June.

 

Southeast Asia's biggest economy headline inflation has stayed below the central bank's target range of 2 percent to 4per cent since mid-2020, as domestic demand dropped amid the COVID-19 pandemic. The annual core inflation rate, which excludes government-controlled and volatile prices, eased slightly to 1.40 percent from 1.49 percent in June, and compared to a 1.38 percent forecast.

 

Source: Reuters

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