JAKARTA (Reuters) – Indonesia’s inflation rate for 2022 is seen at a range of 6.6% to 6.8% following a 30% 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% of GDP in 2022 after the price hike. The annual inflation rate was 4.69% in August.
(Reporting by Stefanno Sulaiman; Writing by Gayatri Suroyo; Editing by Martin Petty)
