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Indonesia's inflation rate hits high

08-03-2010 08:54 BJT

Indonesia's inflation rate climbed to the highest level in 15 months in July. The country's Central Bureau of Statistics says its consumer prices rose 6.33 percent last month from a year earlier. That compares with a 5.05 percent gain in June.

The figure adds pressure on the central bank to join regional policy makers in raising borrowing costs to tame prices.

Bank Indonesia has chosen to strengthen growth rather than respond to faster inflation, holding out as counterparts including South Korea, India and Malaysia raised borrowing costs.

But officials from the central bank said Indonesia is not yet considering raising its benchmark interest rate and June's higher-than-expected jump in inflation was temporary.

Editor:Xiong Qu |Source: CNTV.CN

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