Indonesia braces for higher inflation and slowdown in economic recovery

Muslims visit a mosque to break their fast during the Islamic holy month of Ramadan in Yogyakarta on April 7, 2022. - AFP

JAKARTA, April 9 (Xinhua): The Indonesian government has said the country is preparing to face a spike in inflation in the coming months caused by high global commodity prices, which may lead to a slowdown in the post-pandemic economic recovery.

Finance Minister Sri Mulyani Indrawati said Friday at the Asean (the Association of Southeast Asian Nations) Finance Ministers and Central Bank Governors Meeting (AFMGM) session that the surge in the global commodity prices was believed to happen as the spillover effect of the Ukraine crisis.