Bank Indonesia has been alert to imported inflationary pressures, while consumer prices are still hovering near the low end of the 2%-4% target, which it reiterated on Thursday. Prices of some domestic foods, such as cooking oil and soybeans, have risen despite government intervention in the market. Also, the value added tax will rise to 11% in April, while fuel prices could rise to ease subsidy pressures on the budget.
This post Indonesia to hold tariffs to support recovery amid war risks
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