Macroeconomics

Indonesia's Inflation Stays Within Central Bank Range in August

September 02, 2024, 11.12 AM | Source: Reuters
Indonesia's Inflation Stays Within Central Bank Range in August

ILUSTRASI. Central Statistics Agency (BPS) report Indonesia's annual inflation rate was 2.12% in August


INFLATION - JAKARTA. Indonesia's annual inflation rate was 2.12% in August, essentially unchanged from 2.13% in July, official data showed on Monday, holding comfortably within the central bank's target range and matching market expectations.

A Reuters poll of analysts had expected a 2.12% rate for August. Bank Indonesia (BI) has a target range of 1.5% to 3.5% for inflation.

The country's statistics bureau will release core inflation data later on Monday.

Next: Indonesia Expects to Sign $3.5 Billion Deals at Africa Forum

Editor: Anna Suci Perwitasari

Latest News