Indonesia inflation eases on lower fuel prices

Indonesia's inflation rate slowed in January, official data showed on Monday, after the cost of fuel in Southeast Asia's biggest economy fell on the back of lower oil prices. Inflation rose 6.96 percent year-on-year, slowing from an 8.36 percent rise in December, according to data from the national statistics agency. Due to lower global oil prices -- the oil market has lost more than half its value since June last year -- letting fuel float with the market actually reduced costs, which