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Indonesia's Dec annual inflation rate at 3.61%, above forecast
[JAKARTA] Indonesia's annual inflation rate in December picked up pace for the first time since June as consumers shopped for year-end holidays, the statistics bureau data showed on Tuesday.
The headline consumer price index (CPI) rose 3.61 per cent in December from a year earlier, compared with a near one-year low of 3.30 per cent in November. Analysts in a Reuters poll forecast annual inflation at 3.40 per cent in December.
The central bank had estimated Indonesia's inflation to be at around 3.0-3.5 per cent by year-end.
On a monthly basis, the CPI rose 0.71 per cent in December.
Prices of food and transportation contributed to the pick-up in inflation, according to the statistics bureau.
The annual core inflation rate, which excludes volatile food and administered prices, was 2.95 per cent in December compared with 3.05 per cent in November.