Indonesia’s annual inflation accelerated to 3.19% in August from July’s three-month low of 2.28%, slightly exceeding expectations while remaining within Bank Indonesia’s target range. Monthly inflation rose 0.21%, above the 0.2% forecast, with volatile food and energy costs contributing to price pressures while core inflation remained relatively stable. The rupiah traded near IDR 17,730 per U.S. dollar on September’s first trading day. Indonesia also recorded a narrow July trade surplus, ending two consecutive months of trade gaps as exports grew more than expected. Newly appointed Bank Indonesia Governor Destry Damayanti identified stability and economic growth as priorities and said closer coordination with the government would not compromise the central bank’s independence. Through July, revenue increased 21.3% year on year and spending rose 18.2%. The dollar index steadied globally after hawkish remarks from Chair Kevin Warsh and higher oil prices.