Indonesia’s Inflation Rate Cools To 3.08% In July

1-8-2023 (JAKARTA) Indonesia’s annual inflation rate for July has cooled to 3.08%, bringing it closer to the middle of the central bank’s target range and roughly in line with expectations, according to data from the statistics bureau released on Tuesday. A Reuters poll had projected a rate of 3.1% for July. Bank Indonesia’s target for inflation in 2023 is within a range of 2% to 4%.