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Indonesia govt expects 2022 inflation at 6.6% to 6.8% after fuel price hike

Indonesia govt expects 2022 inflation at 6.6% to 6.8% after fuel price hike

FILE PHOTO: A worker at a state-owned Pertamina petrol station holds money as a motorcycle is filled with subsidised fuel in Jakarta October 31, 2014. REUTERS/Darren Whiteside

JAKARTA : Indonesia's inflation rate for 2022 is seen at a range of 6.6 per cent to 6.8 per cent following a 30 per cent increase in subsidised fuel prices over the weekend, a finance ministry official said on Monday.

Febrio Kacaribu, the head of the ministry's fiscal policy office, told reporters the government still expects a fiscal deficit of 3.92 per cent of GDP in 2022 after the price hike. The annual inflation rate was 4.69 per cent in August.

Source: Reuters

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