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Indonesia Jan inflation absolute top in simply about 2 years, inner central bank target

Economic system6 hours ago (Feb 01, 2022 11: 30PM ET)

© Reuters. FILE PHOTO: Folk scuttle within the courtyard of Indonesia’s central bank, Financial institution Indonesia, in Jakarta, Indonesia September 22, 2016.REUTERS/Iqro Rinaldi

JAKARTA (Reuters) – Indonesia’s annual inflation rate rose to 2.18% in January, mountain climbing to be inner the central bank’s 2% to 4% target differ for the first time in simply about two years, data from the statistics bureau confirmed on Wednesday.

January’s rate turned into once additionally the absolute top since Might per chance well well also, 2020, with food prices rising the most. A Reuters poll had expected a rate of two.15% in January, while December’s rate turned into once 1.87%.

The annual core inflation rate, which excludes govt-managed and volatile prices, rose to 1.84% in January, when put next with 1.56% in December. The poll had forecast 1.71%

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