Indonesian President Susilo Bambang Yudhoyono on Tuesday asked ministers and related authorities to work hard to ease and stabilize prices, slow rupiah depreciation, and boost investment climate.

President Yudhoyono told a cabinet meeting that there had been some improvements on the exchange rate and index on the stock market for the last two days, but said that the country's economy remains unsafe as long as its current account deficit still could not be improved in coming months.

"Though there are improvements, our economy is still unsafe, except the current account deficit can be improved in months ahead, " he said at the State Palace.

Indonesia's trade balance deficit gap in July widened to $2.31 billion from $846.6 million in June, export decreased by 6.01 percent to $15.11 billion in July on a yearly basis while import rose by 6.50 percent to $17.42 billion, the national statistic bureau said last week.

The government raised the subsidized fuel price by up to 44 percent on June 22 as an effort to ease importation of the commodity.

Indonesia is a net-oil importer country and provides huge subsidies on fuel.

"The target that we want to achieve from now to coming months is price stability. My hope is that there will be improvements at prices of certain commodities," said Yudhoyono.

Indonesias' consumer prices rose to 8.79 percent in August on a yearly basis after accelerating at 8.61 percent in July, the bureau said.

"The rupiah's value against the US dollar must be prevented from weakening further. Our expectation is it will be improved and then stable at a certain level," he said.

The Indonesian central bank increased its benchmark interest rate by 50 basis points to 7 percent on an irregular meeting on August 29 to help ease the weakening rupiah as tapering of the US quantitative easing policy had pulled out funds from emerging economies, including Indonesia.

President Yudhoyono asked authorities to take measures to improve the country's investment climate, including services for investors willing to invest in the country.