© Reuters. A vendor serves a customer at a traditional market in Jakarta, Indonesia, January 2, 2023. REUTERS/Ajeng Dinar Ulfiana/File Photo
JAKARTA (Reuters) – 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.
