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Japan July core inflation hits yearly high
Japan's core inflation rate in July reached its highest level this year at 1.9%, driven by rising energy and food costs, especially with oil prices increasing due to the Middle East conflict. This was the first rise in energy prices since November 2025, and fresh food prices saw a sharp increase of 7%. The Bank of Japan expects inflation to accelerate and surpass 2% in the second half of 2026, with forecasts indicating a slowdown in inflation as oil prices decline and the yen's value improves.
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