JAKARTA – Indonesia’s annual inflation rate fell to a 10-month low in June, owing to tighter coronavirus controls enacted in response to a surge in COVID-19 cases, according to data released by the statistics bureau on Thursday. The June consumer price index rose 1.33 percent on an annual basis, the smallest increase since August 2020, and fell short of the 1.41 percent increase predicted by Reuters. Inflation was 1.68 percent in the prior month.
The annual core inflation rate, which excludes government-controlled and unpredictable prices, increased to 1.49 percent in June from 1.37 percent in May. 1.43 percent was predicted in the poll. As a result of the COVID-19 epidemic dampening domestic demand, headline inflation in Southeast Asia’s largest economy has remained below the central bank’s target range of 2% to 4% since mid-2020. (Gayatri Suroyo and Fransiska Nangoy contributed reporting; Ed Davies and Shri Navaratnam edited the piece.)
Reuters is the source of this information./nRead More