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Indonesia's inflation cools to 2.28% in Sept

2023-10-02 12:28
JAKARTA Indonesia's annual inflation rate slowed to 2.28% in September, roughly in line with market forecast, due to
Indonesia's inflation cools to 2.28% in Sept

JAKARTA Indonesia's annual inflation rate slowed to 2.28% in September, roughly in line with market forecast, due to a high base effect, official data showed on Monday, near the lower end of the central bank's target range.

A Reuters poll of economists had expected a rate of 2.20% following August's inflation rate of 3.27%. The statistics bureau is due to release core inflation data later on Monday.

Indonesia's subsidised fuel prices were raised in September 2022, driving inflation up.

(Reporting by Stefanno Sulaiman, Gayatri Suroyo and Fransiska Nangoy; Editing by Martin Petty)