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Indonesia Inflation October 2023

Indonesia: Inflation rises in October

Inflation came in at 2.6% in October, up from September’s 2.3%. The result was primarily due to slower growth in prices for clothing and footwear. In addition, price pressures for housing, water, electricity and household fuels moderated. Moreover, prices for recreation and entertainment grew at a more subdued pace.

Accordingly, annual average inflation fell to 4.1% in October (September: 4.4%). Meanwhile, core inflation edged down to 1.9% in October, from the previous month’s 2.0%.

Lastly, consumer prices rose 0.17% in October over the previous month, below the 0.19% rise recorded in September.

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