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Home›Bonds & Rates›Inflation›Japan core inflation inches up as oil prices lift costs

Japan core inflation inches up as oil prices lift costs

The June rise marked the first increase in core inflation since March, and it matched economists expectations for a 1.6% gain.

Reported · Written up by our desk · Inflation

Japan’s core inflation rate in June edged higher after a four-year low, driven in part by higher oil prices, CNBC Markets said.

The report said this was the first rise in core inflation since March, indicating a shift after a period of cooling.

CNBC World added that the June reading was in line with economists’ expectations for a 1.6% increase, based on a Reuters poll.

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Sources

CNBC MarketsJapan core inflation rate in June creeps up from 4-year low as higher oil prices bite
CNBC WorldJapan core inflation rate in June creeps up from 4-year low as higher oil prices bite

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