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BI expects Nov inflation to exceed 6%
Indonesiaâs central bank governor said on Wednesday he expected the annual inflation rate to rise to 6
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ndonesia's central bank governor said on Wednesday he expected the annual inflation rate to rise to 6.1 percent in November, from 4.83 percent the previous month, after the President hiked subsidized-fuel prices.
Bank Indonesia Governor Agus Martowardojo told Reuters on the sidelines of an investment conference that the month-on-month increase in inflation in December would likely be up to 2 percent.
He declined to give a month-on-month inflation figure for November, only saying that for the first three weeks it was around 1.3-1.4 percent.
Indonesia's statistics bureau will release November inflation and October trade data on Monday. (***)
