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Financial News: Indonesia Inflation At 3-Month High

Indonesia Inflation At 3-Month High

09/01/2021 - 04:17:00 (RTTNews)

(RTTNews) - Indonesia's consumer prices increased to the highest in three months in August, data from the statistics bureau showed on Wednesday.

Consumer prices rose 1.59 percent year-on-year in August, following a 1.52 percent increase in July. Economists had expected a 1.6 percent rise.

The latest inflation was the highest since May, when it was 1.68 percent.

Core inflation was 1.31 percent in July, which was above the 1.30 percent economists had forecast.

On a monthly basis, consumer prices rose 0.03 percent in August, after a 0.08 percent growth in July. This was in line with economists' expectation.

Education cost rose 1.2 percent yearly in August and prices for health increased by 0.32 percent.

Prices for household equipment, equipment and routine maintenance gained 0.27 percent and those for food and beverages rose by 0.10 percent.

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