Japan Core Inflation Hits 2.1% in September, Highest This Year
Photo: TokenPost
Japan’s core consumer inflation accelerated to 2.1% in September, its highest reading this year, putting price growth above the Bank of Japan’s target and potentially strengthening the case for another rate increase. The measure, which excludes fresh food, rose from 1.7% in August and matched economists’ forecast. Headline inflation was also 2.1%. A separate gauge that excludes fresh food and energy reached 2.4%. Price increases for durable goods and public utility services helped drive inflation higher. Services inflation edged up to 1.5% from 1.2% in August. Rice prices moved in the opposite direction, falling 20.6% from a year earlier.
Source: TokenPost
