Indonesia inflation rate may ease to about 4 per cent on year in Nov: stats bureau
[JAKARTA] Indonesia's annual inflation rate may ease to around 4 per cent in November, an official of the statistics bureau said on Thursday, as a fuel price hike made a year earlier factors into the base-price comparison. "It (annual inflation) may come at around 4 per cent if we can manage prices," Sasmito Hadi Wibowo, deputy bureau chief, told reporters.
Mr Wibowo also said there remains an upward risk from imported inflation due to a weak rupiah, trading at its 17-year lows.
Earlier on Thursday, the bureau reported that annual inflation in September was 6.83 per cent, compared with 7.18 per cent in August.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Britain’s retail sales disappoint in sign of lacklustre recovery
Explosions in Iran, US media reports Israeli strikes
US veto sinks Palestinian UN membership bid in Security Council
Pro-China local leader ousted in Solomon Islands election
Japan‘s March inflation slows to 2.6%, eyes on BOJ move
S&P downgrades Israel rating on heightened geopolitical risk