XINHUA – Japan’s core consumer prices rose 2.8 per cent in August from a year earlier, increasing faster for the fourth straight month on higher rice prices and energy costs, government data showed yesterday.
The increase in the nationwide core consumer price index (CPI), excluding volatile fresh food, followed a 2.7-per-cent rise in July, according to the Ministry of Internal Affairs and Communications.
The inflation rate has remained at or above the two per cent inflation target of the Bank of Japan (BOJ) since April 2022, data showed.
The core-core CPI, which excludes both fresh food and energy costs and is closely watched by the BOJ as a key gauge of broader inflation trends, was up two per cent, data showed.
