Indonesia’s annual inflation rate edged up to 1.59% in November 2020, the highest since June, from 1.44% in October and compared to market expectations of 1.53%. Upward pressure came from, food, drinks and tobacco (2.87% vs 2.25% in October); housing & utilities (0.41% vs 0.56%); food services & restaurant (2.11% vs 2.11%); recreation, sport & culture (0.83% vs 0.92%); education (1.40% vs 1.29%); and furnishings (1.16% vs 1.33%). On the other hand, prices fell for both transport (-0.47% vs -0.79%) and information, communication & financial services (-0.43% vs -0.44%). Annual core inflation rate inched down to 1.67%, the lowest since the series began in 2008 and compared to forecasts of 1.7%. On a monthly basis, consumer prices increased 0.28% in November, the second straight monthly increase, after a 0.07% rise in October.
