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Indonesia's inflation sees year-on-year rise in July

Xinhua, July 31, 2015 Adjust font size:

Indonesia's central bank, Bank Indonesia, projects the country's inflation to accelerate by 7.13 percent in July on year from 7.12 percent in June.

That allows the lender to keep avoiding loosening policy at its upcoming meeting in the beginning of August.

The central bank has kept its benchmark interest rate at 7.5 percent since February, in part due to accelerating consumer price index as the bank expects the inflation to end by 4 percent to 5 percent at the year end.

The government's policy to cut subsidized fuel last year has triggered hike of transport costs and prices of products. Endi