Indonesia’s inflation climbs to 1.57% in Dec, shows modest rise

MG News | January 02, 2025 at 10:10 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

January 02, 2025 (MLN): Indonesia's annual inflation rate in December was 1.57%, barely changed from 1.55% in the previous month, official data showed on Thursday.

The annual core inflation rate, which excludes government-controlled prices and volatile food prices, was 2.26% in December, unchanged from November, as Reuters reported.

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 near the lower end of its target range, Reuters further added.

This decision was influenced by financial market volatility and weakness in the rupiah currency.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	173,962.82 313.69M	1.30% 2237.52
ALLSHR	104,178.62 550.40M	0.93% 964.13
KSE30	52,166.33 164.58M	1.26% 649.19
KMI30	250,496.48 141.11M	1.59% 3930.77
KMIALLSHR	67,844.06 318.73M	1.20% 801.29
BKTi	47,430.11 44.68M	0.28% 130.40
OGTi	36,386.96 9.01M	0.13% 45.59

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	74,120.00	74,260.00 73,715.00	405.00 0.55%
BRENT CRUDE	91.89	92.95 89.93	-0.81 -0.87%
RICHARDS BAY COAL MONTHLY	117.00	0.00 0.00	-0.75 -0.64%
ROTTERDAM COAL MONTHLY	130.25	131.75 130.00	-0.20 -0.15%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	87.76	89.02 86.35	-1.14 -1.28%
SUGAR #11 WORLD	14.07	14.35 13.90	0.14 1.01%