Japan's core consumer prices rise 0.8pc on year in June

Published: July 20, 2018 14:12:01 | Updated: July 22, 2018 19:38:35

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Japan's core consumer prices increased in June from a year earlier owing to rising costs for energy, the government said in a report on Friday.

According to the Ministry of Internal Affairs and Communications, core consumer prices, excluding fresh food prices because of their volatility, rose 0.8 per cent in June from a year earlier.

This compares to a 0.7 per cent increase logged a month earlier, the statistics bureau said, with the latest reading coming in line with median analysts' expectations, reports Xinhua.

The bureau also said that June marked the 18th consecutive month that prices have risen, although they remain some way below the Bank of Japan's (BOJ) long-standing goal of achieving a 2.0 per cent inflation rate.

As for the "core-core" consumer price index, which excludes both fresh food and energy prices, the Ministry of Internal Affairs and Communications said that prices increased 0.2 per cent from a year earlier.

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