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Indonesia's annual inflation in February accelerates at slowest pace in 9 years
Last Updated: 2019-03-02 10:13 | Xinhua
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Indonesian annualized inflation in February dropped to the lowest level since November 2009 as commodities and fuel prices edged off, national statistics bureau announced here on Friday.

Consumer price index touched 2.57 percent in February year-over-year, compared with 2.82 percent in January, Yunita Rusanti, deputy of statistics distribution and services of the bureau, revealed.

On month, inflation dropped to minus 0.08 percent in February from 0.32 percent in January, as foot prices drifted lower, she said.

"Prices of the basic needs of the community were lower than those at the two years ago," Rusanti said at the bureau headquarters.

The annual core inflation, stripping off administered prices and volatile food prices, stabilized at 3.06 percent in February, she said.

The low headline inflation allows the country's central bank, Bank Indonesia, to give stimulus to the country's economy after it applied a long tightening cycle by edging up its interest rate to 6 percent last year to shore up rupiah value against the greenback.

The central bank estimated inflation will accelerate at the range of 2.5 to 4.5 percent this year, equal with last year's expectation.

The Southeast Asia's biggest economy is expected to expand 5.3 percent this year after registering 5.17 percent growth last year.

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