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MNI BRIEF: Japan July Tokyo CPI UP 2.3% On Energy, Food

(MNI) Tokyo
TOKYO (MNI)

The Tokyo core inflation rate rose 2.3% y/y in July, accelerating from June for the 11th straight increase, and is expected to gain further, data from the Ministry of Internal Affairs and Communications showed Friday.

The core-core CPI (excluding fresh food and energy) -- a key indicator in the underlying trend of inflation – rose 1.2% y/y in July following +1.0% in June. Prices for energy item rose 23.5% y/y in July, accelerating from +21.7% in June.

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The Tokyo core inflation rate rose 2.3% y/y in July, accelerating from June for the 11th straight increase, and is expected to gain further, data from the Ministry of Internal Affairs and Communications showed Friday.

The core-core CPI (excluding fresh food and energy) -- a key indicator in the underlying trend of inflation – rose 1.2% y/y in July following +1.0% in June. Prices for energy item rose 23.5% y/y in July, accelerating from +21.7% in June.

Keep reading...Show less