Japan core inflation increases after March
Japanese government data showed that Japan's core inflation rate rose to 1.6% in June, marking the first increase since March, driven by rising oil prices and their impact on the economy. The overall inflation rate increased to 1.7%, while the underlying inflation—which excludes food and energy—dropped to 1.7%, the lowest level since August 2022. Government subsidies slightly reduced energy prices by just 0.1%, but producer costs climbed to 7.1%, the highest since March 2023. Expectations are that the core underlying inflation will rise to around 3% by early 2027, amid rising oil imports due to the Middle East crisis and a weakening yen.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)