KONTAN.CO.ID - JAKARTA. Indonesia's central bank expects headline inflation to accelerate to 3.2% next year due to higher global food and energy prices, its governor said on Monday, vowing to manage rising costs. Perry Warjiyo made the remarks in a parliamentary hearing discussing the central bank's budget for 2024. The new forecast was higher than Bank Indonesia's (BI) previous inflation expectation of 2.8% for next year. It is also close to the upper end of the central bank's 2024 target band of 1.5% to 3.5%.
Indonesia C.Bank Sees Stronger Inflation in 2024 as Food, Energy Prices Rise
KONTAN.CO.ID - JAKARTA. Indonesia's central bank expects headline inflation to accelerate to 3.2% next year due to higher global food and energy prices, its governor said on Monday, vowing to manage rising costs. Perry Warjiyo made the remarks in a parliamentary hearing discussing the central bank's budget for 2024. The new forecast was higher than Bank Indonesia's (BI) previous inflation expectation of 2.8% for next year. It is also close to the upper end of the central bank's 2024 target band of 1.5% to 3.5%.