Inflation rate reaches 9.9%

JAKARTA (AFP): The Indonesian inflation rate was checked at 1.65 percent in November, raising the year-on-year rate to 9.96 percent -- much higher than the 5.9 percent in the same period of last year.

According to the Central Bureau of Statistics (BPS), in November food prices rose 3.66 percent from October or 17.31 percent year-on-year, while housing prices increased 0.54 percent or 5.36 percent year-on-year.

Clothing prices fell 0.19 percent from October but rose 6.19 percent year-on-year while miscellaneous goods and services rose 0.79 percent or 6.9 percent year-on-year.

The month-on-month inflation rate was checked at 1.29 percent for September and 1.99 percent for October, the highest monthly increase in the last 10 years.