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Indonesia's inflation estimated at 3.2 pct this year

Xinhua, December 20, 2016 Adjust font size:

Indonesia's annual inflation is estimated at 3.2 percent this year, falling from 3.35 percent last year, Governor of Bank Indonesia Agus Martowardojo said Tuesday.

For December, consumer price index is projected between 0.5 to 0.6 percent on a monthly basis, he said.

Weak purchasing power is the main cause of subdued inflation this year, according to experts and surveys.

For next year, Martowardojo said he expected inflation to reach 3 to 5 percent.

Inflation pressure will come from a planned electricity tariff hike for the middle class, as well as volatile food prices. Endit