Indonesia Oct Inflation Inches Up to 2.56%, within C.Bank Target

MACROECONOMICS - JAKARTA. Indonesia's annual inflation rate edged up to 2.56% in October, official data showed on Wednesday, roughly in line with expectations and safely within the central bank's 2% to 4% target range for 2023.

A Reuters poll of economists had expected the consumer price index to have risen 2.60% on a yearly basis in October, compared with the previous month's 2.28% inflation rate.

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The statistics bureau is due to release core inflation data later on Wednesday.