JAKARTA - PT Bank UOB Indonesia said it expects Indonesia's inflation rate to rise by 0.2% by the end of 2025 to 2.5% from 2.3% realised at the end of December 2024.
According to Vera Margaret, Head of Deposit and Wealth Management at UOB Indonesia, speaking on behalf of the bank's economists, the increase in inflation this year will be fuelled by higher food prices and basic needs.
In addition, the price increase is also further fuelled by the weakening of the rupiah against the US dollar.
Furthermore, Margaret revealed UOB Indonesia economists' prediction that by the end of 2025, the rupiah will break IDR16,500. “Maybe we will experience the worst in the third quarter, at IDR 16,800,” Margaret said. (ZH/LM)
You can read more about 2025 inflation and rupiah outlook from UOB Indonesia here:
https://www.idnfinancials.com/news/52198/uob-predicts-inflation-rise-hit-idr