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Indonesia January inflation rises to 4.57 percent

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(Globalpost/GlobalPost)

Indonesian inflation hit a four-year high on a monthly basis in January as food prices soared following severe flooding across the country, an official said on Friday.

The monsoonal downpour pushed inflation to 1.03 percent last month from 0.54 percent in December, while it also accelerated to 4.57 percent year on year, from 4.3 percent, Central Statistics Bureau chief Suryamin said.

"Bad weather in January caused some food prices to increase, including chillies and chicken. Food was the biggest driver of inflation last month," Suryamin told reporters.

However, core inflation, which excludes volatile food prices, eased to 4.32 percent from 4.4 percent the previous month.

The country's central bank, Bank Indonesia, has left its benchmark interest rate unchanged at a record low of 5.75 percent since February, having kept inflation within the target range of 4.5-5.5 percent.

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http://www.globalpost.com/dispatch/news/afp/130131/indonesia-january-inflation-rises-to-457-percent