JAKARTA (Reuters) – Indonesia’s annual inflation rate stood at 1.57% in December, barely changed from 1.55% in the previous month, official data showed on Thursday, and close to economists’ estimate of 1.60% in a Reuters poll.
The annual core inflation rate, which excludes government-controlled prices and volatile food prices, was 2.26% in December, the same as in November and close to the poll’s forecast of 2.28%.
The country’s central bank aimed for inflation in 2024 and 2025 to be in the range of 1.5% to 3.5%.
Policymakers at Bank Indonesia have repeatedly said they are 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 close to the lower target range, due to financial market volatility and the weakness of the rupee.
