Jakarta (ANTARA News) - Indonesia's inflation rate rose a faster-than-expected 12.14 percent in September against a year ago, the Central Statistics Agency was quoted by AFP as saying Monday.
Analysts had forecast an annual rate of 11.99 percent, but said prices were driven higher by the cost of food and housing in the Ramadan festive season.
The central bank is expected to hike its benchmark interest rate by another 25 basis points on Tuesday to 9.50 percent in a bid to quell inflation, analysts said. (*)
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