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Economy

Indonesia fights to cool inflation as CPI hits 20-month high

Food and drink prices up 3.45% on-year amid supply disruptions

Cooking oil prices tend to follow the cost of palm oil, which has soared in recent months due to supply shortages. (Photo by Shotaro Tani)

JAKARTA -- Global inflationary pressures started to catch up with Indonesia in January, as the archipelago recorded its highest inflation rate in 20 months.

While still well within the central bank's target range, authorities are rushing to dampen inflation as it begins to directly impact the lives of ordinary people.

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