USD/IDR Price News: Indonesian rupiah in multi-day lows near 14,700 on downbeat CPI

Indonesia’s annual inflation rate accelerated a tad bit in October, according to the latest data published by Statistics Indonesia on Monday.

Indonesian August’s inflation rate rose to 1.44% on the year, compared with September’s 1.42% and 1.45% expectations but remained way below the Bank Indonesia’s (BI) 2.5-4.5% target range. 

Meanwhile, the monthly inflation reading for August came in at +0.07% vs. +0.08% expected and -0.05% last.

more to come ...