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Japan’s July CPI rises to 2.0% year over year

Japan’s core CPI ex fresh food and energy increased to 1.8% year over year, matching market expectations, according to data from the Japan Statistics Bureau.

Reported · Written up by our desk · Major Pairs

Japan’s national consumer price index rose 2.0% year over year in July, up from the prior 1.7% reading, according to data released by the Japan Statistics Bureau.

The report also showed that CPI excluding fresh food came in at 1.8% year over year in July versus 1.6% prior, while the measure excluding fresh food and energy rose to 1.8% year over year compared with 1.7% previously.

The CPI release was described as in line with market consensus, with the outlet noting that core inflation excludes more volatile items such as food and fuel.

The article added that higher inflation can shift expectations for interest rates, which can influence currency moves by affecting the relative attractiveness of holding assets in that country.

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