Indonesia inflation slows

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    JAKARTA- Indonesia’s annual inflation rate slowed for the first time in five months in January, staying below the central bank’s target range, data from the statistics bureau showed on Monday.

    The consumer price index rose 1.55 percent annually in January, compared with an increase of 1.68 percent in December and against expectations for a 1.66 percent rise in a Reuters poll.

    Bank Indonesia’s 2021 inflation target range is 2 percent-4 percent.

    On a monthly basis, prices increased 0.26 percent.

    January’s core inflation rate, which excludes volatile food and government-controlled prices, was 1.56 percent, below December’s 1.60 percent, but slightly higher than a forecast of 1.53 percent.