JAKARTA (TheInsiderStories) - Indonesia recorded inflation of 0.21 percent in November from previous month driven by a rise of almost product groups
This makes inflation in January to November to reach 2.37 percent. The year on year inflation in the month stood at 4.89 percent, the Central Bureau of Statistics (BPS) said.
The core inflation in November was at 0.16 percent, while the core inflation in Jan-Nov was at 3.72 percent.
BPS recorded that food products increase 0.33 percent in the month; processed food, cigarette, beverage and tobacco rose 0.47 percent; housing, water electricity, gas and fuel edged up 0.15 percent; health gained 0.44 percent; education, recreation and sport rose 0.05 percent; transportation, communication and financial services edged up 0.06 percent, while clothing recorded a decline of 0.23 percent.
Director for Statistic and Services Distribution of BPS Sasmito Hadi Wibowo said the year-on-year inflation in November was the lowest in the last five years.
Meanwhile, BI executive director for monetary policies Yudha Agung predicted that the year-end inflation rate could reach 3.0 percent, lower than what central bank targeted, which was 4.0 percent +/- 1.0 percent. .
For November, Yudha estimated if December’s inflation is at 0.5 percent, the annual inflation rate target of 3.0 could be achieved.
As for this year’s annual growth, Yudha said it would stand somewhere between 4.7 and 4.8 percent.
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