09-October-2024
Economy News
 
Indonesian Inflation at 1.84% in September, Lowest Rate Since 2021
01-Oct-2024

Indonesian prices rose at their slowest rate in almost three years in September as the pace of food-price inflation eased, giving the central bank ample room to loosen monetary policy to stimulate economic growth. Annual inflation reached 1.84%, Statistics Indonesia said on Tuesday. That was the lowest since November 2021, LSEG data showed. The figure compared with 2.12% in August and the 2.00% median of analyst estimates in a Reuters poll. It also stayed within Bank Indonesia's inflation target range of 1.5% to 3.5%.

News Source:- https://money.usnews.com/investing/news/articles/2024-10-01/indonesias-sept-annual-inflation-at-1-84-lower-than-expected