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Indonesia records highest inflation in 7 years in July

JAKARTA, Aug. 1 (Xinhua) — Indonesia’s inflation in July reached 4.94 percent, the highest in seven years and exceeding the central bank’s target range, the Statistics Indonesia (BPS) said on Monday.

“This is the highest inflation since October 2015 which reached 6.25 percent year-on-year,” BPS head Margo Yuwono told a press conference.

The figure is still relatively well managed, as the core inflation i