Indonesia August inflation edges up
JAKARTA: Indonesia’s annual inflation rate picked up to 3.19% in August from 2.88% the previous month, official data showed on Tuesday, to be roughly in line with the 3.13% expected by economists polled by Reuters . Indonesia exports rise 6.05% annually in July, beating expectations Statistics Indonesia will release core inflation and July trade data later on Tuesday.
Indonesia's annual inflation rate rose to 3.19% in August from 2.88% the previous month. This increase was roughly in line with economist expectations of 3.13%, according to Business Recorder.
The inflation data was released by Statistics Indonesia. The agency will also release core inflation and July trade data.
The Indonesian Rupiah was trading around 17,770 against the US Dollar during Asian hours on Tuesday, according to FXStreet. The US Dollar had rebounded, driven by hawkish sentiment surrounding the Federal Reserve.
Brief written by urgent.news from Business Recorder, FXStreet — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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