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fuel price

Indonesia Inflation Hits New 7-Year High After Fuel Price Hike

fuel price
Indonesia's inflation rate in September accelerated to its highest since October 2015 due to higher transportation costs.

KONTAN.CO.ID - JAKARTA. Indonesia's inflation rate in September accelerated to its highest since October 2015 due to higher transportation costs following a fuel price hike, statistics bureau data showed on Monday.

The headline annual inflation rate rose to 5.95% in September, up from 4.69% in August, but came in slightly lower than a 6.00% rate expected in a Reuters poll.

The annual core inflation rate, which excludes government-controlled prices and volatile food prices, picked up pace in September to 3.21%, compared with 3.04% in August and 3.60% forecast by analysts.

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