Indonesian inflation accelerates on higher food prices

Indonesia's inflation accelerated in May to its highest level in five months due to increased food prices, data showed Monday, as people stocked up before the Islamic holy month of Ramadan. The consumer price index rose 7.15 percent year-on-year, according to the official statistics agency, faster than expected and up from a 6.79 percent increase in April. Inflation in Southeast Asia's biggest economy has been edging up in recent months due mainly to higher fuel costs, after the govern