Indonesia inflation picks up further in Dec, but stays below central bank target
[JAKARTA] Indonesia's annual inflation rate accelerated for a fourth straight month in December, but remained below the central bank's target range, data from the country's statistics bureau showed on Monday.
December's consumer price index rose 1.68 per cent year-on-year, compared with a 1.61 per cent rate expected in a Reuters poll. Bank Indonesia's target range for 2020 and 2021 is 2-4 per cent.
On a monthly basis, prices increased 0.45 per cent.
The core inflation rate, which excludes volatile food and government-controlled prices, in December was 1.6 per cent, below the poll's 1.7 per cent forecast.
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
Putin plans to meet Xi in China days after his new term starts
Biden vetoes bid to repeal US labour board rule on contract, franchise workers
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’