Indonesia's Inflation Fastest Since at Least January 2010
BY :RIEKA RAHADIANA
JANUARY 02, 2015
Indonesia’s statistics office releases data in Jakarta Friday.
Consumer prices rose 8.36 percent in December year-on-year versus an estimate of 7.93 percent. It was the highest level since at least Jan. 2010 according to data compiled by Bloomberg based on previously reported figures.
Consumer prices rose 2.46 percent in December on monthly basis versus an estimate of 2.06 percent.
Core consumer prices rose 4.93 percent in December year-on-year versus an estimate of 4.46 percent.
Inflation was driven by transport and food costs, following the government lifting subsidized fuel prices in November.
Exports fell 14.57 percent in November year-on-year versus an estimate of 4.47 percent drop.
Imports fell 7.31 percent in November year-on-year versus an estimate of a 0.15 percent rise.
Trade balance in $425.7m deficit in November versus an estimate of $130 million surplus.