FX.co ★ Indonesia Inflation Rises Slightly To 1.57%

Indonesia's consumer price inflation experienced a slight uptick in December, rising from November's three-year low, as reported by the statistics bureau on Thursday.

The consumer price index increased by 1.57% year-on-year in December, up slightly from a 1.55% rise recorded in the previous month. This rise was marginally below economists' projections, which anticipated a 1.6% increase.

Importantly, inflation rates continue to fall within the central bank's target range of 1.5% to 3.5%.

Additionally, the data revealed that core inflation held steady at 2.26%, closely aligning with an expected rate of 2.28%.

Food-related price growth picked up pace, with annual increases climbing to 1.90% from 1.68%. Health care costs saw a 1.93% rise compared to the previous year, whereas transportation fees declined by 0.30%.

On a monthly scale, consumer prices rose by 0.44% in December, aligning with expectations.