Indonesia's September Annual Inflation Rate Eases, Hits Six-Month Low

Indonesia's annual inflation rate eased for a fourth month in September to its lowest since March on the back of a continued decline in food prices, the statistics bureau said on Monday (02/10). (Antara Photo/Izaac Mulyawan)

By : Nilufar Rizki & Hidayat Setiaji | on 1:29 PM October 02, 2017
Category : Business, Corporate News

Jakarta. Indonesia's annual inflation rate eased for a fourth month in September to its lowest since March on the back of a continued decline in food prices, the statistics bureau said on Monday (02/10).

Annual headline consumer prices rose 3.72 percent in September, compared with a growth of 3.82 percent in August. Analysts polled by Reuters had expected 3.67 percent.

On a monthly basis, consumer prices rose 0.13 percent in September. Inflation in the education sector contributed to the rise in the monthly inflation rate, but prices of food dropped.

The core inflation rate, which excludes administered and volatile food prices, stood at 3 percent from 2.98 percent in August. The poll had expected it to soften to 2.96 percent.

Bank Indonesia has cut its benchmark interest rate twice since August to boost economic growth, which the governor said is "sufficient," signalling a pause in its main policy easing.

Reuters

 

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