Jakarta (ANTARA News) - Indonesia's annual inflation dropped to 11.68 percent in November from 11.77 percent in October due to lower energy and commodity prices, according to official figures Monday.
The November consumer price index (CPI) fell to 0.12 percent month on month compared to 0.45 percent the month before, the statistics agency was quoted by AFP as saying.
The latest figures fell below the median forecast of 11 economists polled by Dow Jones Newswires, who predicted an average CPI rise of 0.17 percent month
on month and 11.71 percent year on year.
Despite the easing inflation, analysts predicted the nation's central bank, Bank Indonesia, will not cut its policy rate from 9.50 percent when it meets Thursday.
Fears over a vulnerable rupiah, which has fallen by 24 percent against the dollar this year, will likely stay the central bank's hand, analysts said. (*)
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