September 5, 2023
JAKARTA – The annual consumer price index (CPI) rose markedly in August, after declining for five months in a row, due to higher inflation in the transportation category, as well as food, beverages and tobacco.
The latest CPI report unveiled by Statistics Indonesia (BPS) on Friday shows that annual inflation in August clocked in at 3.27 percent, up from 3.08 percent in July and much higher than Moody’s Analytics’ prediction of 2.9 percent.