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Indonesia inflation inches up in August, holds below central bank target


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2021-09-01T042423Z_1_LYNXMPEH801AO_RTROPTP_4_INDONESIA-ECONOMY-INFLATION.JPG

FILE PHOTO: People wearing protective face masks shopping in Tanah Abang textile market ahead of Eid al-Fitr festival amid the coronavirus disease (COVID-19) outbreak in Jakarta, Indonesia, May 3, 2021. REUTERS/Ajeng Dinar Ulfiana

 

JAKARTA (Reuters) - Indonesia's annual inflation rate edged up in August to 1.59%, the highest in three months, still holding below the central bank's target range, data from the country's statistics bureau showed on Wednesday.

 

A Reuters poll had expected an August rate of 1.60%. Indonesia's inflation rate has been below the central bank's 2% to 4% target range since mid-2020. Inflation in July was 1.52%.

 

The August annual core inflation rate, which excludes government-controlled and volatile prices, eased to 1.31%, roughly in line with expectations in the poll, from 1.40% in July.

 

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-- © Copyright Reuters 2021-09-01
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