Indonesia sees higher September, October inflation after fuel price hike

Deputy minister of finance Suahasil Nazara, said that the ministry expects the month-to-month inflation to normalise in November.

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.

Motorists queue at a PT Pertamina Gas station in Pangkal Pinang, Indonesia.  (Bloomberg)

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% to 5.4%, the official said.