JAKARTA (Reuters) – Indonesia’s annual inflation charge got here beneath expectation at 1.84% in September, official information confirmed on Tuesday, easing from 2.12% in August and firmly throughout the central financial institution’s goal vary.
Analysts polled by Reuters had anticipated the September annual inflation to come back in at 2.00%. Financial institution Indonesia’s (BI) inflation goal vary is between 1.5% and three.5% this yr.
Headline inflation final month was the bottom since November 2021, LSEG information confirmed.
Core inflation in September got here in at 2.09% year-on-year, the statistics bureau mentioned, verses 2.03% seen within the ballot.
BI final month delivered its first charge reduce in additional than three years to bolster development amid low inflation, simply hours forward of 50-bp charge reduce by the U.S. Federal Reserve.