Indonesia's inflation rate climbs to 7-year high

Indonesia's inflation rate in September soared to its highest since October 2015 due to higher transport costs following a fuel price hike, according to Statistics Indonesia.

Monday, October 03, 2022 21:27

Indonesia's inflation rate climbs to 7-year high ảnh 1

At a supermarket in Indonesia (Source: AFP/VNA)

Jakarta (VNA) – Indonesia's inflationrate in September soared to its highest since October 2015 due to highertransport costs following a fuel price hike, according to Statistics Indonesia.

In September, the headline annual inflation rate rose to5.95%, up from 4.69% in August.

The annual core inflation rate, which excludesgovernment-controlled prices and volatile food prices, reached 3.21%, comparedwith 3.04% in August and 3.6% forecast by analysts.

The September inflation was mostly affected by the rise infuel prices and inflation in the transport sector, said Margo Yuwono, head ofStatistics Indonesia.

He warned that it could heat up further in October as anumber of regions have not yet increased their transportation fares./.

VNA

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