BI expects Nov inflation to exceed 6%

JAKARTA. Indonesia’s central bank governor said on Wednesday he expected the annual inflation rate to rise to 6.1 percent in November, from 4.83 percent the previous month, after the President hiked subsidized-fuel prices.

Bank Indonesia Governor Agus Martowardojo told Reuters on the sidelines of an investment conference that the month-on-month increase in inflation in December would likely be up to 2 percent.

He declined to give a month-on-month inflation figure for November, only saying that for the first three weeks it was around 1.3-1.4 percent.

Indonesia’s statistics bureau will release November inflation and October trade data on Monday.