Economic Buzz: Japan Inflation Remains Above 2% Target

19 Aug 2022 , 11:53 AM

Japan inflation continued to remain above the 2 percent target on higher fuel prices and weaker yen. Excluding fresh food, core inflation increased to 2.4 percent from 2.2 percent in the previous month, the Ministry of Internal Affairs and Communications reported. Core inflation exceeded the central banks 2 percent target for the fourth straight month. Overall consumer price inflation advanced to 2.6 percent in July from 2.4 percent in June, data showed. Excluding fresh food and energy, consumer price inflation came in at 1.2 percent versus 1.0 percent in June.Powered by Commodity Insights