Jakarta. Indonesia's annual inflation rate fell for a fifth consecutive month in November, reaching its lowest since December 2016, the country's statistics agency data showed on Monday (04/11).
The headline consumer price index (CPI) rose 3.3 percent in November from a year earlier, compared with the 3.58 percent increase in October. Analysts polled by Reuters expected the index to increase 3.4 percent.
The CPI rose 0.2 percent on a monthly basis. Prices of some raw food, such as garlic and tomatoes, fell in November, but prices of processed food and housing increased.
The annual core inflation rate, which excludes administered and volatile food prices, increased 3.05 percent, lower than 3.07 percent a month earlier and against analysts' expectation of 3.1 percent.
The central bank most recently estimated Indonesia's inflation by year end to be at around 3-3.5 percent.