JAKARTA : Indonesia's annual inflation rate in June eased to 3.52 per cent, settling into the central bank's target range for a second straight month, data from the statistics bureau showed on Monday.Headline inflation dropped to its lowest since April 2022 and came in below the 3.64 per cent expected in
JAKARTA : Indonesia's annual inflation rate in June eased to 3.52 per cent, settling into the central bank's target range for a second straight month, data from the statistics bureau showed on Monday.
Inflation in Southeast Asia's largest economy has gradually eased since peaking last September at 6 per cent, as BI hiked interest rates by a total of 225 basis points between August and January to control prices. Transportation fares, food prices and rents rose in June, Pudji Ismartini, deputy head of Statistics Indonesia, said in a press conference. Meanwhile, prices of telecommunications and some financial services eased.
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