The consumer price index rose 5.95% in September, up from August’s 4.69%. The inflation rate remained exceeded Bank Indonesia’s target range of 2% to 4% this year.

Consumer prices are rising sharply in Southeast Asia’s largest economy, which is suffering ramifications from surging oil prices and disruptions in global supply chains caused by Russia’s invasion of Ukraine.

In September, the Indonesian government imposed a 30% hike on subsidised fuel prices, leading to thousands of workers taking to the streets of Jakarta and other cities to protest.

The next presidential election is still a year and a half away, but campaigning to succeed Joko “Jokowi” Widodo is already getting into swing. If public dissatisfaction increases due to inflation, it could affect political stability.

To tame inflation, Bank Indonesia in September hiked its policy rate for the second consecutive month to 4.25%.