Indonesia's Dec inflation seen easing to 2.98 percent: Reuters poll
Reuters
Published Dec 28, 2018 12:15AM ET
Indonesia's Dec inflation seen easing to 2.98 percent: Reuters poll
JAKARTA (Reuters) - Indonesia's annual inflation rate is expected to ease in December and remain in the central bank's target range, a Reuters poll showed on Friday.
A Reuters poll of ten analysts forecasts annual inflation at 2.98 percent in December, easing from 3.23 percent in November.
December's inflationary pressures stem from transportation and food items amid higher demand during the Christmas and New Year holiday period. The increase, however, is somewhat slower when compared with a year earlier, said Satria Sambijantoro, an economist at Bahana Sekuritas.
Economists have noted the government's fruitful efforts to control inflation, which this year paired up with aggressive rate hikes from Indonesia's central bank.
At the central bank's policy review in December, the board of governors had forecast the annual inflation at end of 2018 to be below 3.2 percent.
The core inflation rate, which excludes government-controlled and volatile prices, is expected to be slightly higher at 3.07 percent, compared with 3.03 percent in November.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.