0520 GMT [Dow Jones] PREVIEW: Indonesia's inflation likely accelerated
to 4.64% in July from a year earlier, compared with 4.53% in June as
the start of Muslim fasting pushed up basic food prices, and the start
of the academic year brought with it education-related costs,
according to median forecast of 12 economists polled by Dow Jones. The
seasonal increase in inflation is not expected to prompt Bank
Indonesia to raise policy rates from 5.75% when it meets August 9 over
concerns over the impact of the global slowdown on the domestic
economy. The official Statistics Agency will release July CPI data
around 0400 GMT Wednesday. (i-made.sentana@dowjones.com)
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com
(END) Dow Jones Newswires
July 30, 2012 01:20 ET (05:20 GMT)
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