JAKARTA: Indonesia finance ministry expects inflation to pick up in September and October following a price hike announced at the weekend on subsidised fuels, a senior official said.
Deputy Minister Suahasil Nazara, however, said in a TV interview with CNBC Indonesia that the ministry expects the month-to-month inflation to normalise in November. It still expects 2022’s GDP growth in a range of 5.1 per cent to 5.4 per cent, the official said.