News Karnataka
Sunday, April 21 2024
Cricket
Asia

Jakarta: Indonesia’s inflation eases to 5.71% in Oct

Indonesia's inflation eases to 5.71% in Oct
Photo Credit : IANS

Jakarta: Indonesia posted an inflation of 5.71 per cent year-on-year in October, lower than the previous month’s 5.95 per cent year-on-year, official figures revealed on Tuesday.

“The transportation group was the biggest contributor to October inflation, as a continuing impact of increase in fuel prices, which were lower than the previous month,” said Statistics Indonesia.

The government raised fuel costs on September 3, amid high international prices, a move which triggered an increase in commodity expenses in the domestic market, reports Xinhua news agency.

However, Indonesia’s inflation rate has exceeded the central bank’s target of 2 to 4 per cent since June, when the country posted an inflation of 4.35 per cent year-on-year.

The central bank has estimated the country’s inflation will reach 6.3 per cent this year, lower than the previous estimate of 6.6 to 6.7 per cent.

Share this:
MANY DROPS MAKE AN OCEAN
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

To get the latest news on WhatsApp