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Japan's July core consumer prices up 2.7% on highe

Japan's July core consumer prices up 2.7% on higher energy costs Japan's core consumer prices rose 2.7 percent in July from a year earlier, with the rate of increase expanding for the third straight month as energy costs were pushed up following a termination of government subsidies, data by the internal affairs ministry showed Friday. The increase in the nationwide core consumer price index, excluding volatile fresh food, followed a 2.6 percent rise in June. The inflation rate has remained at or above the Bank of Japan's 2 percent target since April 2022. Core-core CPI, which strips away both energy and fresh food and shows underlying price trends, was up 1.9 percent. The results underscore ongoing inflation, which has weighed on Japanese households. A weaker yen has also pushed up import prices from food to energy. ©SHIRSENDU KARMAKAR #Japan
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