Indonesia: Inflation dips in December
Consumer prices increased 0.62% in December from the previous month, up from November’s 0.27% increase. December’s print was driven by higher prices in the food; and transport, communication and financial services subsectors.
Inflation dipped to 3.1% from 3.2% in November, slightly above market expectations and remaining within Bank Indonesia’s target range of 3.5% plus or minus 1.0 percentage point. Core inflation ticked up from 3.0% in November to 3.1% in December.