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JAKARTA : Indonesia’s annual inflation rate slowed to 2.28 per cent 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 per cent following August’s inflation rate of 3.27 per cent. 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.
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