Indonesia’s Dec inflation at 1.57% y/y, as expected

JAKARTA (Reuters) – Indonesia’s annual inflation rate in December was 1.57%, barely changed from 1.55% in the previous month, official data showed on Thursday, and close to economists’ estimate of a 1.60% rate in a Reuters poll.

© Reuters. FILE PHOTO: Aman Iskandar, a vendor, 52, sorts tomatoes while waiting for customers at a traditional market, in Jakarta, Indonesia October 1, 2024. REUTERS/Willy Kurniawan/File photo

The country’s central bank has targeted inflation in 2024 and 2025 to be within a range of 1.5% to 3.5%.

Statistics Indonesia is due to release core inflation data later on Thursday.

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