JAKARTA, Nov. 1 (Xinhua) -- Indonesia posted an inflation of 5.71 percent year-on-year in October, lower than the previous month's 5.95 percent year-on-year, Statistics Indonesia or BPS said in a virtual press conference on Tuesday.
"The transportation group was the biggest contributor to October inflation, as a continuing impact of increase in fuel prices, which were lower than the previous month," said Deputy for Distribution Statistics and Services of BPS Setianto.
The government raised fuel costs on Sept. 3, amid high international prices, a move which triggered an increase in commodity expenses in the domestic market.
However, Indonesia's inflation rate has exceeded the central bank's target of 2 to 4 percent since June, when the country posted an inflation of 4.35 percent year-on-year.
The central bank has estimated the country's inflation will reach 6.3 percent this year, lower than the previous estimate of 6.6 to 6.7 percent. ■