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

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

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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.

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