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.

August 01, 2024
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