Indonesia’s Sept annual inflation at 1.84%, lower than expected

JAKARTA (Reuters) – Indonesia’s annual inflation rate came below expectation at 1.84% in September, official data showed on Tuesday, easing from 2.12% in August and firmly within the central bank’s target range.

Analysts polled by Reuters had expected the September annual inflation to come in at 2.00%. Bank Indonesia’s (BI) inflation target range is between 1.5% and 3.5% this year.

Headline inflation last month was the lowest since November 2021, LSEG data showed.

Core inflation in September came in at 2.09% year-on-year, the statistics bureau said, verses 2.03% seen in the poll.

BI last month delivered its first rate cut in more than three years to bolster growth amid low inflation, just hours ahead of 50-bp rate cut by the U.S. Federal Reserve.