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Indonesia’s inflation hits 23-month low, but fuel price hike looms

Indonesia’s annual inflation eased to the lowest level in 23 months thanks to falling food-related commodity prices, but analysts were cautious for the upcoming figures with an increase in subsidised fuel prices seeming more likely.

The Central Statistics Agency said on Thursday that the consumer price index rose 3.56 percent in February from the same period a year earlier. That was lower than January’s 3.65 percent rise and predictions of 3.8 percent made by analysts contacted by the Jakarta Globe earlier last week.

Core inflation, which excludes volatile food and fuel prices, accelerated on an annual basis to 4.31 percent in February, following 4.29 percent in January. 

(Source: Jakarta Globe )