Indonesia August inflation edges up

Business Recorder reported that Indonesia's yearly inflation rate rose to 3.19% in August, up from 2.88% a month earlier. Official data released on Tuesday showed the reading was close to the 3.13% that economists polled by Reuters had expected. Inflation measures how fast prices for goods and services change across an economy, which makes monthly readings closely watched by policymakers and investors.

Statistics Indonesia is due to publish core inflation figures and July trade data later on the same day. The article also points to a related report showing that July exports climbed 6.05% on a yearly basis, ahead of what had been forecast. Both releases arrive on the same Tuesday, so the August price data and the July trade figures can be read together.