JAKARTA, Dec. 2 (Xinhua) -- Indonesia recorded an annual inflation rate of 1.55 percent in November, down from 1.71 percent in the previous month, according to Statistics Indonesia (BPS) on Monday.
This figure also indicates that inflation is approaching the lower bound of the government's target range of 1.5 percent to 3.5 percent.
"Commodities in the food, beverage, and tobacco groups contributed to November's inflation," said Acting Head of BPS Amalia Adininggar Widyasanti at a press conference.
Other contributing commodities include air transport fares and gold jewelry, which have been experiencing inflation since September 2023.
Secretary of the Coordinating Ministry for Economic Affairs Susiwijono Morgiarso said he is not worried about the recent slowdown in inflation, as most of the decline is due to volatile food prices, while core inflation continues to rise.
He also believes that people's purchasing power remains stable and is confident that low inflation will not disrupt economic growth, especially since inflation in volatile foods has been well-controlled. ■
