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

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.