Indonesia Oct inflation inches up to 2.56%, within c.bank target

Waiting game: People exit the Bank Indonesia headquarters in Jakarta. The central bank will watch the Fed’s policy stance, the strength of the dollar and the movement of US Treasury yields when it assesses its next policy move. — Bloomberg

JAKARTA: Indonesia's annual inflation rate edged up to 2.56% in October, official data showed on Wednesday, roughly in line with expectations and safely within the central bank's target range for 2023.

A Reuters poll of economists had expected the consumer price index to have risen 2.60% on a yearly basis in October, compared with the previous month's 2.28% inflation rate.