JAKARTA: Indonesia’s consumer prices increased more than expected in July.
Consumer prices rose 1.52 per cent year-on-year in July. Economists had expected a 1.45 per cent rise. Core inflation was 1.40 per cent in July, which was above the 1.38 per cent economists had forecast.
On a monthly basis, consumer prices rose 0.08 per cent in July, after a 0.16 per cent fall in June. Economists had expected a 0.01 per cent increase.
Prices for food, beverages and tobacco increased 0.15 per cent yearly in July and prices of clothing and footwear rose 0.08 per cent. — dpa
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