By I Made Sentana
JAKARTA--Indonesia's inflation accelerated to 3.31% on year in October, from 3.07% in September, due to higher electricity prices, the official Central Statistics Agency said Tuesday.
From a month earlier, prices were up 0.14% compared with a 0.22% rise in September.
The median forecast for year-on-year inflation from 10 regional economists polled by The Wall Street Journal was 3.30%. The seven economists who made month-on-month predictions called for a 0.12% rise.
The government in October raised electricity prices for certain users to reduce subsidy costs in the state budget. As a result, the housing price basket -- which includes electricity and clean water -- rose 0.56% in October from a month earlier, the agency said.
Mitigating overall inflation, basic food prices dropped 0.21% from a month earlier.
Year-on-year core inflation, which excludes volatile and administrative price components, was 3.08% in October, easing from 3.21% in the previous month.
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(END) Dow Jones Newswires
November 01, 2016 00:51 ET (04:51 GMT)
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