Indonesia Inflation Rate Accelerates to 1.5% in July
Indonesia's annual inflation increased to 1.52 percent in July of 2021 and slightly above forecasts of 1.45 percent, mainly due to a faster rise in prices of food, drinks and tobacco (2.74% vs 1.85%), housing & utilities (0.36% vs 0.30%), transport (0.25% vs 0.09%), amid imposing stricter restrictions in some regions in Indonesia. Also, prices increased more for furnishings (1.79% vs 1.78% in June), education (1.63% vs 1.61%), information, communication & financial services (0.02% vs 0.01%). Meanwhile, prices continued to rise for both food services & restaurant (2.59% vs 2.68%) and clothing and footwear (1.17% vs 1.18%). Annual core inflation rate inched down to 1.40 percent, but slightly above market forecasts of 1.38 percent. On a monthly basis, consumer prices edged up 0.08 percent in July, compared with market consensus of a 0.01 percent rise, rebounding from a 0.16 percent fall in June.
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