Wed, 07 Jun 2023

Indonesia's inflation eases in January

02 Feb 2023, 02:05 GMT+10

JAKARTA, Feb. 1 (Xinhua) -- Indonesia recorded an inflation of 5.28 percent year-on-year in January, the lowest since August 2022, but it still exceeded the central bank's target, according to Statistics Indonesia BPS on Wednesday.

BPS head Margo Yuwono said this figure was eased compared to 5.51 percent year-on-year in December last year.

"The annual inflation was supported by increases of price in a variety of food stuffs, air freight rates, and filter cigarettes," Yuwono told a press conference.

To control the inflation to a targeted range of 2 to 4 percent, the Indonesian government has reduced the price of non-subsidized gasoline while keeping raising the interest rate.

More Indonesia News

Access More

Sign up for Indonesia News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!