Indonesia's annual inflation rate in June eased to 3.52%, settling into the central bank's target range for a second straight month, data from the statistics bureau showed on Monday.
Headline inflation dropped to its lowest since April 2022 and came in below the 3.64% expected in a Reuters poll and below the 4.00% seen in May.
The headline rate reached the upper end of Bank Indonesia's 2% to 4% target range earlier than expected in May and sparked speculation that BI might soon start easing policy rates. The core inflation rate, which strips out government-controlled and volatile food prices, eased to 2.58% in June from 2.66% a month before. The poll had expected 2.64% core inflation.
Indonesia Berita Terbaru, Indonesia Berita utama
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