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MNI BRIEF: Japan Aug Core CPI Up 2.8%; Highest Since Oct '14

(MNI) Tokyo
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Japan's annual core consumer price index quickened to 2.8% y/y, with the acceleration from 2.4% in July and rise to the highest level since October 2014 falling in-line with expectations of Bank of Japan officials.

August’s rise, excluding the impact of sales tax hike, was the highest since September 1991 when it rose 2.8%, according to data released by the Ministry of Internal Affairs and Communications on Tuesday. It was the 12th straight rise, boosted by higher prices of food, excluding perishables, and energy.

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Japan's annual core consumer price index quickened to 2.8% y/y, with the acceleration from 2.4% in July and rise to the highest level since October 2014 falling in-line with expectations of Bank of Japan officials.

August’s rise, excluding the impact of sales tax hike, was the highest since September 1991 when it rose 2.8%, according to data released by the Ministry of Internal Affairs and Communications on Tuesday. It was the 12th straight rise, boosted by higher prices of food, excluding perishables, and energy.

Keep reading...Show less