Indonesia’s Core Inflation Hits 3-Year High on Surging Demand
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Indonesia’s core inflation accelerated to a near three-year high in August, affirming the central bank’s warnings that second-round price pressures are spreading across the economy.
Core inflation, which strips out the impact of volatile food prices and government-subsidized items like electricity and fuel, hit 3.04% last month, its highest since November 2019, according to data compiled by Bloomberg.