Indonesia Dec inflation eases slightly more than expected
[JAKARTA] Indonesia's annual inflation rate eased slightly more than expected in December, the statistics bureau said on Tuesday.
The annual inflation rate was 3.02 per cent in December, data from the bureau showed, compared with 3.10 per cent expected in a Reuters poll and November's 3.58 per cent pace.
Consumer prices rose 0.42 per cent on a monthly basis, the lowest reading for December monthly inflation since 2010, the bureau said.
The core inflation rate, which strips out administered and volatile food prices, was virtually the same as November's, at 3.07 per cent. The poll had expected 3.11 per cent.
Indonesia's central bank targets annual inflation to be between 3 per cent and 5 per cent.
Bank Indonesia (BI) kept its benchmark rate unchanged at 4.75 per cent at its last meeting for 2016, shortly after the Federal Reserves raised US interest rates.
It cut its benchmark six times during January-October by a total of 150 basis points, trying to lift economic growth.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Hong Kong growth beats forecast as recovery gains traction
If inflation continues to build, the Fed won’t be able to maintain neutral stance for long
Thailand to increase daily minimum wage to 400 baht in Oct
UK set for weak growth and highest inflation in G7, OECD says
German manufacturing downturn eases in April, PMI survey shows
India RBI's FX intervention eases as conditions turn favourable for rupee