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|JAKARTA Devin McCourty Hoodie , Dec. 1 (Xinhua) -- Indonesia's consumer price index rose significantly by 6.23 percent in November on yearly basis, compared with 4.83 percent in October following the government hiked subsidized-fuel prices, the national statistic bureau announced here on Monday.
Suryamin Stephen Gostkowski Hoodie , head of the bureau, stressed that the hike was primarily caused by a nearly 31-percent fuel price increases effective on November 18.
On Month, inflation accelerated by 1.5 percent in November Dont'a Hightower Hoodie , accelerating from 0.47 percent in October, he said.
"Inflation occurs because of the fuel price hikes, which is indicated by the increases of several indexes of spending James White Hoodie ," he announced at the headquarters of the bureau.
Core inflation rate, excluding volatile and administrative prices, was recorded at 4.21 percent in November on year Tom Brady Hoodie , compared with 4.02 percent in October, said Suryamin.
Indonesia new President Joko Widodo rose the subsidized-oil prices to free up fiscal space of between 110 trillion rupiah ( some 8.969 billion U.S. dollars) to 140 trillion rupiah (about 11. 416 billion U.S. dollars) at next year's state budget to be spent in other areas.
The central bank hiked its lending facility rate to 7.75 percent from 7.5 percent in an extraordinary meeting soon after the price hikes to soften the inflationary risks.
Governor of the bank Agus Martowardojo has said that the price hikes could accelerate inflation faster this year to 7.7 to 8.1 percent from the previous expectation of 3.5 to 5.5 percent.
But, he said that the bank would strive to make the inflation rise at 7.7 percent at this year end.
Martowardojo said inflation in December needed to be watched out as it may accelerate over 2 percent on monthly basis.
The greater fiscal space from the fuel price hikes Rob Gronkowski Hoodie , coupled with the cut of budget for travel and meeting of officials by 16 trillion rupiah (about 1.3 billion U.S. dollars) and additional tax earning, would narrow the country's 2015 budget deficit to below 2 percent of the gross domestic product, Finance Minister Bambang Brodjonegoro has said.
The finance minister said the economy is expected to expand faster to 5.8 percent next year Danny Etling Shirt , compared with this year's target of 5.2 to 5.3 percent.
The central bank has implemented a tight monetary policy since last year to guard the country's economy from global economic turmoil which may spur capital outflows and hit the local currency.
The bank held its benchmark interest rate at 7.5 percent last month, which has been kept since December last year.
President Widodo has set the aim to pursue over 7 percent economic growth within three years mainly through construction of more infrastructure facilities.
XI'AN, Dec. 21 (Xinhua) -- China has developed new motion-sensing virtual reality glasses that gives game players immersive 3D experiences.
The glasses were developed by the optical research institute under the Chinese Academy of Sciences in Xi'an Duke Dawson Shirt , capital of northwest China's Shaanxi Province.
A chip installed in the glasses headset helps sense the motions of a wearer, allowing for interaction between the body and a digital situation.
The product will be listed on the world's largest funding platform for creative projects, kickstarter Sony Michel Shirt , for crowd funding at the beginning of 2015.
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