Economics
Everyday Inflation Creeps Up in One of World’s Few Rate Holdouts
- Transport fares, food prices, retail sales flash warning signs
- Bank Indonesia signaled it could keep key rate on hold
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Indonesia’s central bank has stood out among its peers in its ability to keep interest rates at a record low, insisting that the spike in prices is supply-driven and short-lived.
But for ordinary Indonesians, everyday expenses like instant noodles and motorcycle taxis have been soaring -- and inflation looks like it may linger.