Indonesia's inflation eased for the fifth month in a row in January, due to milder increases in food prices, but analysts were divided on whether Wednesday's data would prompt the central bank to further cut its key interest rate.

Annual inflation eased to 3.65 percent in January from 3.79 percent in December, the Central Statistics Agency said. The figure was slightly higher than what economists had expected. A survey by Bloomberg news of 24 economists showed a median forecast of 3.61 percent.

The raw-food price increase in January was milder than December, despite processed-food prices accelerating slightly.