Indonesia: Inflation surprised to the upside in December – UOB – by pabspiovano Indonesia Inflation CPI Banks
Key Takeaways
“The food, beverage, and tobacco price hikes alongside higher transportation prices led inflation to continue accelerating at 0.7% m/m. We expect overall inflation will stay elevated for months ahead as the second-round impact from the higher fuel prices has not been fully transmitted.”to trend down slightly lower to 4%. We also keep our forecast for BI to continue hiking to reach its peak point of 6% in 1Q23, after raising a cumulative 200 bps during 2022 to 5.50%.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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