|Published : 01 Dec 2016, 13:37:07|
Indonesia inflation accelerate to 3.58pc in November
Inflation in Indonesia accelerated to 3.58 per cent year-on-year in November 2016, from 3.31 per cent in the preceding month, according to the Statistics Agency (BPS).
Acceleration of Indonesian inflation last month was faster than expected, with estimates averaging 3.43 per cent, the BPS said on Thursday.
On month to month (m/m) basis inflation rose by 0.47 per cent in November, the data showed.
Rising inflation in November in Southeast Asia's largest economy was particularly attributed to higher prices of shallots, chilies, and tomatoes.
Not only in November but also throughout the year 2016, food prices have been the biggest contributor to inflation in Indonesia.
Meanwhile, Indonesia's core inflation, which excludes administered and volatile food prices, was stable last month at 3.07 per cent, down narrowly from 3.08 per cent in the preceding month.
The central bank set the target of 3.0-5.0 per cent inflation.
Although in December-January Indonesia always experiences a peak in inflation it will require a huge shock to push inflation realisation outside the central bank's target, according to a news agency report.