USD/IDR Price News: Rupiah nurses losses near 14,350 on hotter Indonesian inflation

Indonesia’s annual inflation rate extended its acceleration in November, according to the latest data published by Statistics Indonesia showed Wednesday.

Indonesian November’s inflation rate rose to 1.75% on the year when compared with October’s 1.66%, although remained way below the Bank Indonesia’s (BI) 2.5-4.5% target range.

The annualized core figure arrived at 1.44% vs. 1.33% previous and 1.43% expected.

Meanwhile, the monthly inflation reading for November came in at 0.37% vs. 0.31% expected and 0.12% last.