Japan Inflation Rises 3.6% On Year In June

Consumer prices in Japan were up 3.6 percent on year in June, the Ministry of Internal Affairs and Communications said on Friday.

That topped forecasts for 3.5 percent, also slowing from 3.7 percent in May.

Core CPI, which strips out the volatile costs of food, advanced 3.3 percent on year - matching forecasts and down from 3.4 percent in the previous month.

Overall CPI for the Tokyo region - considered a leading indicator for the nationwide trend - was up 2.8 percent on year in July. That was in line with expectations and down from 3.0 percent in June.

Core CPI in Tokyo also added 2.8 percent - unchanged and beating forecasts for 2.7 percent.

by RTTNews Staff Writer

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