Indonesia central bank gov says sees y-o-y inflation at slightly above 3%

Indonesia's inflation is expected to be slightly above 3 per cent at the end of 2015, the head of the central bank said on Thursday. 

PHOTO: REUTERS

DEC 31, 20151:51 PM

[JAKARTA] Indonesia's inflation is expected to be slightly above 3 per cent at the end of 2015, the head of the central bank said on Thursday.

"From a monetary point of view, we see that it's true that inflation will perhaps be slightly above 3 per cent," Bank Indonesia Governor Agus Martowardojo told reporters.

"Perhaps it will be higher than 3 (per cent) because there are several commodities like chili and onions (and eggs) that are adding pressure," he added.

Previously the central bank said annual inflation could cool to 2.97 per cent in December from 4.89 per cent in November, due to changes in base prices.

REUTERS