Indonesian Annual Inflation Has Likely Risen

Forex News

According to the recent Reuters survey, Indonesian annual inflation pace for July have mildly risen on growing food prices, including prices of chicken, eggs and beef as well as non-subsidized fuel. That is, the Consumer Price Index was projected to increase 3.24% in July, comparing to the previous 3.12% annual pace. Still, the rate was likely to fit Indonesia Central Bank’s target range.

As of the annual core inflation rate for July (without government-controlled and volatile food prices), economists expected a 2.74% result.

Bank Indonesia governor, Perry Warjiyo stated that for the whole 2018, the central bank saw the headline inflation pace near 3.5%, which hits the central bank’s 2.5-4.5% target range.