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Indonesian inflation eased to 4.69% in August, still above target

Jokowi urges home minister to act on high prices at regional level for social stability

Indonesian President Joko "Jokowi" Widodo is under pressure to tame domestic prices in the face of rising global energy and food costs.   © Reuters

JAKARTA -- Indonesia's inflation rate in August decreased to 4.69% in spite of rising global fuel prices in the wake of the Ukraine war, but still exceeded Bank Indonesia's target range of 2% to 4% this year.

Indonesia's headline inflation dropped to 4.69% in August, down from July's 4.94%, when the rate hit the biggest year-on-year climb since October 2015.

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