Thoughts on Indonesia's current inflation and its ripple effect on EM assets?

Been watching the Indonesian inflation figures pretty closely these past few weeks. CPI numbers came in a bit hotter than expected, and I'm trying to wrap my head around what this really means for the broader EM picture, especially for equities and IDR. We've seen some resilience in certain sectors, but I can't shake the feeling that persistent inflation could squeeze margins more than anticipated, or at least delay any significant rate cuts. Also curious how this might impact capital flows into other Southeast Asian markets if investors start re-evaluating risk premiums. Anyone else feeling this is a bigger headwind than some of the headlines suggest, or am I overthinking the spillover effect given the relatively contained nature of Indonesian domestic demand?