Indonesia's Dec inflation at 1.57% y/y, as expected
Tweet
Share
E-mail
FILE PHOTO: Aman Iskandar, a vendor, 52, sorts tomatoes while waiting for customers at a traditional market, in Jakarta, Indonesia October 1, 2024. REUTERS/Willy Kurniawan/File photo
JAKARTA (Reuters) - Indonesia's annual inflation rate in December was 1.57%, barely changed from 1.55% in the previous month, official data showed on Thursday, and close to economists' estimate of a 1.60% rate in a Reuters poll.
The annual core inflation rate, which strips out government-controlled prices and volatile food prices, was 2.26% in December, the same as November and close to the poll forecast of 2.28%.
The country's central bank has targeted inflation in 2024 and 2025 to be within a range of 1.5% to 3.5%.
Policymakers at Bank Indonesia have repeatedly said they were monitoring global developments to determine the right time to continue easing monetary policy.
The central bank cut rates in September, but has since paused despite inflation being at near the lower end of its target range, due to financial market volatility and weakness in the rupiah currency.
(Reporting by Gayatri Suroyo, Fransiska Nangoy and Bernadette Christina Munthe; Editing by John Mair)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Malaysia's July CPI rises 1.8% y/y, slightly less than forecast
- American actress Hayden Panettiere dies at 36, ABC News reports
- Philippine central bank says inflation to ease gradually, risks remain on upside
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
