Indonesia's July inflation 4.94 per cent year-on-year, highest since 2015 and mainly due to soaring food prices

JAKARTA, Aug 1 (Bernama): Indonesia’s inflation rate increased 4.94 per cent year-on-year (y-o-y) in July 2022 against 1.52 per cent in the same month last year, the highest since October 2015.

Statistics Indonesia (BPS) attributed the higher rate to a 1.16 per cent rise in food, drinks and tobacco, led primarily by red chilli, cooking oil, shallot and cigarettes.