Food prices push inflation higher, BI set to hold
Indonesia’s headline inflation rose to 3.19% YoY in August (Jul: 2.88%), slightly above consensus (3.13%) but stayed within Bank Indonesia's (BI) 1.5% - 3.5% target range for a sixth straight month
- MoM (0.21%; Jul: -0.14%): Rebounded sharply from July’s deflation, as higher food prices pushed consumer prices up.
- Core inflation (2.92% YoY; Jul: 2.76%): Rose to a 42-month high, reflecting a strong underlying demand.
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