Global Economic News

Japan Core Inflation +3.3% On Year In July

Core consumer prices in Japan were up 3.3 percent on year in July, the Ministry of Internal Affairs and Communications said on Friday - matching forecasts and unchanged from June.

Overall consumer prices were up 3.4 percent on year - also in line with expectations and easing from 3.6 percent.

On a monthly basis, overall CPI was flat and core inflation added 0.1 percent.

Inflation for Tokyo, considered a leading indicator for the nationwide trend, was up 2.8 percent on year in August - unchanged and exceeding forecasts for 2.7 percent.

Core CPI for Tokyo was up 2.7 percent, in line with expectations and down from 2.8 percent in July.

On a monthly basis, both overall Tokyo inflation and core CPI were up 0.2 percent.

by RTTNews Staff Writer

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