JAKARTA (Reuters) – Indonesia’s inflation rate edged up in December, staying above the central bank’s target range for the seventh straight month, official data showed on Monday.
Headline annual inflation rose to 5.51% in December from 5.42% and analysts polled by Reuters expected 5.36%. Bank Indonesia’s inflation target range is 2% to 4%.
Annual core inflation, which excludes government-controlled prices and volatile food prices, edged up to 3.36% from 3.36% a month ago. % vs. 3.36% expected in a Reuters poll.