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4.5-5% in 2015: Indonesian central bank expects 7.9% inflation this year

4.5-5% in 2015: Indonesian central bank expects 7.9% inflation this year

JAKARTA: Indonesian Finance Minister Bambang Brodjonegoro said he expected inflation to be between 4.5 and 5 percent in 2015.
For this year, Indonesian’s central bank has estimated an annual inflation rate of 7.9 percent.
Some prices spiked after the government in mid-November hiked fuel prices by more than 30 percent to cut Indonesia’s budget deficit and make money available for other uses than fuel subsidies.
(Reporting by Adriana Nina Kusuma; Writing by Eveline Danubrata; Editing by Richard Borsuk)