Indonesia's July inflation rate dropped to 2.13%, the lowest since February 2022.

Indonesia's July inflation rate dropped to 2.13%, the lowest since February 2022, remaining within the central bank's target range of 1.5-3.5%. The Consumer Price Index fell 0.18% monthly due to lower prices of shallot, chili, and chicken. While inflation remains within target, the central bank has not eased monetary policy due to global market uncertainties.

8 months ago
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