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MNI BRIEF: Japan Aug Tokyo Core CPI Rises 2.4% Vs. July 2.2%

MNI (TOKYO) - The year-on-year rise in the Tokyo core inflation rate accelerated to 2.4% in August from July’s 2.2%, the fourth straight rise, and remained above 2% for the third consecutive month, data from the Ministry of Internal Affairs and Communications showed on Friday.

Higher energy price (+17.4% vs. +14.5%) drive the increase. The core CPI was within forecasts by Bank of Japan officials who expected inflation to rise as the impact of the pass-through of cost increases continues, although the pace is slowing.

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MNI (TOKYO) - The year-on-year rise in the Tokyo core inflation rate accelerated to 2.4% in August from July’s 2.2%, the fourth straight rise, and remained above 2% for the third consecutive month, data from the Ministry of Internal Affairs and Communications showed on Friday.

Higher energy price (+17.4% vs. +14.5%) drive the increase. The core CPI was within forecasts by Bank of Japan officials who expected inflation to rise as the impact of the pass-through of cost increases continues, although the pace is slowing.

Keep reading...Show less