Indonesia: Inflation comes in at highest level in nearly seven years in July
Consumer prices rose 0.64% over the previous month in July, picking up from the 0.61% rise recorded in June. The acceleration was broad-based, with greater price pressures recorded for clothing and footwear, housing, water, electricity and household fuels, and transport.
Inflation came in at 4.9% in July, which was up from June’s 4.3%. July’s figure represented the highest inflation rate since October 2015. Annual average inflation edged up to 2.6% in July (June: 2.4%). Lastly, core inflation rose to 2.9% in July, from June’s 2.6%.