Inflation picks up as food and transport prices rise

Telling foresight: A worker walks along the dock at Tanjung Priok Port in Jakarta. Bank Indonesia’s new governor Destry says global uncertainty remains high, making stability the central bank’s priority to keep the rupiah and inflation in check. — Reuters

JAKARTA: Inflation accelerated in August, reversing a slowdown seen in July as food and transportation prices rose.

Meanwhile, the House of Representatives approved a new central bank governor, putting monetary stability back in focus after the surprise resignation of her predecessor.