Indonesia inflation eases to 3.08 per cent in July
01 Aug 2023 11:35pm
The consumer price index recorded at 3.08 per cent year-on-year in July, eased from the previous month's 3.52 per cent and the same month last year's 4.94 per cent, while inflation in May posted at 4.00 per cent. - AFP photo
A
A
A
The consumer price index recorded at 3.08 per cent year-on-year in July, eased from the previous month's 3.52 per cent and the same month last year's 4.94 per cent, while inflation in May posted at 4.00 per cent.
The central bank's target is for inflation to remain in the range of 2 per cent to 4 per cent, though the country recorded the highest increase of 5.95 per cent in September 2022.
Indonesia's current economic condition is relatively stable amidst the economic slowdown in most countries in the world, said Finance Minister Sri Mulyani on Monday.
However, the government remains wary of the impact of global economic uncertainty and El Nino, especially on food prices and stocks, Mulyani added. - Bernama/Xinhua
