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BI sees Indonesia's end-year inflation at 2.97% y/y

[JAKARTA] Indonesia's annual inflation rate is expected to fall sharply by the end of this year, the central bank governor said on Wednesday.

Agus Martowardojo told parliament that inflation would be 2.97 per cent year-on-year by the end of 2015. November's annual inflation rate was 4.89 per cent, a significant easing from 6.25 per cent in October.