Inflation & Prices
Cooling Chili Prices Help Ease Indonesia’s Rising Inflation
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Indonesia’s inflation pulled back in October as gains in food prices slowed, cushioning the blow of higher pump prices.
Headline inflation rose 5.71% year-on-year, much slower than the near-6% notched in September and expected by analysts for this month. Food inflation retreated to 7.04% versus 8.69% in September, while energy costs surged 17%.