Indonesia Nov inflation slows as expected, weakest since April

December 02, 2019, 11.35 AM
Indonesia Nov inflation slows as expected, weakest since April

ILUSTRASI. Indonesia Nov inflation slows as expected, weakest since April


Source: ReutersEditor: Yudho Winarto

INFLATION - JAKARTA. Indonesia's annual inflation rate slowed for a third straight month in November, as expected, the statistics bureau said on Monday.

The Consumer Price Index rose 3.00% year-on-year last month, on the back of rising food prices, said Suhariyanto, the statistics bureau chief, compared with the median forecast in a Reuters poll of 3.06%.

Read Also: Indonesia central bank cuts key rate to 5.0%, fourth trim in a row

The annual rate marked the weakest pace since April. The inflation rate in October was 3.13%.

On a monthly basis, inflation picked up pace to 0.14% from October's 0.02%.

The annual core inflation rate, which exclude government-controlled and volatile prices, slowed to 3.08%, from 3.2%. The poll had expected a core inflation rate of 3.14%.


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