JAKARTA (Reuters) – Indonesia’s annual inflation rate in December was 1.57%, barely changed from 1.55% in the previous month, official data showed on Thursday, and close to economists’ estimate of a 1.60% rate in a Reuters poll.
The annual core inflation rate, which strips out government-controlled prices and volatile food prices, was 2.26% in December, the same as November and close to the poll forecast of 2.28%.
The country’s central bank has targeted inflation in 2024 and 2025 to be within a range of 1.5% to 3.5%.
Policymakers at Bank Indonesia have repeatedly said they were monitoring gl