Indonesia's annual inflation rate in August 2019 reached 3.49%.

Economics & Macro

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Dwi Hadya Jayani 02/09/2019 15:30 WIB

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Inflation remained within the government's target despite negative sentiment from the US-China trade war and Brexit.

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Indonesia's annual inflation rate in August 2019 reached 3.49%.

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Inflation Rate August 2017-2019

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The Central Statistics Agency (BPS) recorded an annual inflation rate of 3.49% in August 2019. This inflation figure remains within the government's target range of 3.5% plus or minus 1%.

Monthly inflation in August was only 0.12%, lower than the 0.31% inflation in July 2019. The driver of inflation in August 2019 stemmed from a 1.21% increase in the education, recreation, and sports group.

For the calendar year, inflation from January to August 2019 reached 2.48%. Garuda Berjangka analyst Ibrahim stated that the low inflation rate indicates a controlled domestic economy, despite soaring prices of chilies and gold. Negative sentiments from the US-China trade war and Brexit also did not significantly impact domestic inflation.

Editor : Hari Widowati

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."