Bloomberg Indonesia’s inflation surprised on the upside in December, challenging the central bank and market’s view that price pressures were well on the wane. Consumer prices rose 5.51% from a year ago, driven by higher costs of gasoline, household fuels, air freight rates and transport fares, the nation’s statistics agency said. That beats even the highest forecast in a ...

  Bloomberg India’s unemployment rate rose to a 16-month high in December as job creation in the slowing economy failed to keep pace with the growing workforce. The overall unemployment rate increased to 8.3%, up from 8% in November, according to data from the Centre for Monitoring Indian Economy Pvt Ltd. That’s the highest reading since August 2021. The rise ...

  Bloomberg India’s Supreme Court upheld Prime Minister Narendra Modi’s 2016 decision to overnight invalidate high-value currency notes, a decision that could provide firepower to the ruling party ahead of a series of elections in coming months. A five-judge panel in a majority verdict said the government’s move satisfied the test of “proportionality” and the court cannot supplant the wisdom ...