Inflation in Indonesia remains within the central bank's range in Aug By Reuters
Written by Stefanno Sulaiman and Gayatri Suroyo
JAKARTA (Reuters) – Indonesia's inflation rate was 2.12% in August, essentially unchanged from 2.13% in July, official data showed on Monday, holding well within the central bank's target rate and in line with market expectations.
The August headline inflation rate was the lowest since February 2022, and is in line with the Reuters poll forecast. Bank Indonesia (BI) has a target range of 1.5% to 3.5% for inflation.
The annual core inflation rate reached 2.02% last month from 1.95% in July, the data showed, slightly above the 1.98% forecast in the poll.
Inflation in Southeast Asia's biggest economy has held within the central bank's target range since the middle of last year, but BI kept interest rates high to focus on strengthening the rupiah and volatile global market conditions. Governor Perry Warjiyo said financial stability was the focus of policy this quarter, but he saw room for easy monetary policy to boost economic growth in the next quarter.
