December Annual Inflation Rate at 3.61%, Above Forecast

Indonesia's annual inflation rate in December picked up pace for the first time since June as consumers shopped for year-end holidays. (Antara Photo/Harviyan Perdana Putra)

By : Reuters | on 12:52 PM January 02, 2018
Category : Business, Economy

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 Central Statistics Agency data showed on Tuesday (02/01).

The headline consumer price index (CPI) rose 3.61 percent in December from a year earlier, compared with a near one-year low of 3.30 percent in November. Analysts in a Reuters poll forecast annual inflation at 3.40 percent in December.

The central bank had estimated Indonesia's inflation to be at between 3.0 percent and 3.5 percent by year-end.

On a monthly basis, the CPI rose 0.71 percent in December. Prices of food and transportation contributed to the pick-up in inflation, according to the statistics agency.

The annual core inflation rate, which excludes volatile food and administered prices, was 2.95 percent in December, compared with 3.05 percent in November.

Reuters

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