Indonesia's June Inflation Rate at 3.52% y/y, Better than Expected

INFLATION - JAKARTA. Indonesia's annual inflation rate eased further in June to 3.52%, settling into the central bank's target range for a second month, data by the statistics bureau showed on Monday.

Read Also: Musk Says Twitter Will Limit How Many Tweets Users Can Read

The headline inflation came below the 3.64% expected in a Reuters poll and 4.00% in May.

Bank Indonesia's target range for 2023 inflation is a range of 2% to 4%. The statistics bureau is due to release core inflation figure later on Monday.