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Inflation Rate of Indonesia

Indonesia's inflation in November rose at slower pace, giving more rooms for the central bank to put its benchmark interest rate on hold, an official said Monday.

Head of the National Statistic Bureau named only Suryamin announced here on Monday that consumer price index (inflation) eased at 4.32 percent from a year ago, versus 4.61 in October.

Indonesian economy grew by 6.17 percent in the three month ending in September, the bureau has said.

Indonesian Coordinating Minister for Economy Hatta Rajasa told Xinhua that the government expects 6.4 percent GDP for the final quarter, putting the whole year economic growth expectation to at least 6.3 percent.

Indonesia's economy grew by 6.37 percent and 6.3 percent in the first two quarters respectively, according to the bureau.

The central bank plans would hold a meeting at December 11 to make a decision on the basic rate after it kept the rate at 5.75 percent at the beginning of November for the ninth straight months.

Growing investment and huge consumption have countered decline on exports amid the global economic slowdown.

The central bank said that it expects the inflation to be in the range of 3.5 percent to 5.5 percent this year and next year.

Indonesian investment increased significantly by 25.1 percent to 81.8 trillion rupiah (some 8.5 billion U.S dollars) in the third quarter on yearly basis, Chairman of the Investment Coordinating Board M. Chatib Basri, said.

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