Japan core CPI rises 1.6% in June, matching forecasts
The increase marks the first rise in the index since March but remains below the central bank's target.
Talivio News · Global
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Kuan-yu Huang
Japan’s core consumer price index rose 1.6 percent in June compared to the same month a year earlier.
The data matches the median forecast of economists polled by Reuters.
This reading represents the first increase in the country's core inflation rate since March.
Drivers and policy context
Higher oil prices contributed to the rise in the index during the month.
Despite the monthly increase, the reported rate remains below the Bank of Japan’s target.
Economics Correspondent · Talivio News
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Sources
- — Japan June core CPI rises 1.6% yr/yr (opens in a new window)
- — Japan core inflation rate in June creeps up from 4-year low as higher oil prices bite (opens in a new window)
- — Japan June core inflation accelerates, stays below BOJ target (opens in a new window)
- — Japan June core inflation accelerates, stays below BOJ target (opens in a new window)
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