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The latest Reuters poll of 13 economists showed that Indonesia’s annual inflation rate in July likely hold steady near the recent range, well within Bank Indonesia’s (BI) target range.

Key Findings:

“The Consumer Price Index (CPI) is seen rising 3.27% from a year earlier, according to the median forecast of 13 economists polled by Reuters, barely changing from the 3.28% rate in June.

The central bank expected a July inflation rate of 3.23% on-year, Governor Perry Warjiyo said on Friday, reiterating that low inflation gives BI room for more accommodative policy. BI’s target range for this year is 2.5%-4.5%.  

The annual core inflation rate, which excludes government-controlled and volatile food prices, is seen at 3.17% in July, according to a median of six analysts, cooling from 3.25% a month before.”