JAKARTA, Feb. 2 (Xinhua) -- Indonesia's annual inflation rate has risen by 2.18 percent in January, the highest since May 2020, as household gas prices grew and interbank transfer fees fell, Statistics Indonesia (BPS) said on Wednesday.
The consumer price index (CPI) in the Southeast Asian country rose by 0.56 percent from December last year, according to the BPS.
The inflation rate in January was slightly different from Bank Indonesia's estimated rate of 2.15 percent year on year and 0.53 percent on a month-on-month basis, but it is still between the country's central bank target of 2 to 4 percent, BPS' head Margo Yuwono told a press conference.
"The policy on reducing administration fees for interbank money transfers has curbed inflation by 0.01 percent," Yuwono noted.
In December 2021, the country's CPI jumped by 1.87 percent annually and 0.57 percent over November 2021. ■
