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MNI BRIEF: Japan June Core CPI Up 2.2% On Energy, Food Costs​​​

(MNI) Tokyo

On Thursday, the BOJ held policy steady after lifting its FY inflation view.

True

Japan's June annual core consumer inflation rate rose 2.2% y/y, up from +2.1% in May, for the highest level since March 2015, data the Ministry of Internal Affairs and Communication released Friday showed.

The June increase came on the back of higher food and energy prices. The underlying inflation rate measured by the core-core CPI (excluding fresh food and energy) rose 1.0% y/y in June, also up from May.

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Japan's June annual core consumer inflation rate rose 2.2% y/y, up from +2.1% in May, for the highest level since March 2015, data the Ministry of Internal Affairs and Communication released Friday showed.

The June increase came on the back of higher food and energy prices. The underlying inflation rate measured by the core-core CPI (excluding fresh food and energy) rose 1.0% y/y in June, also up from May.

Keep reading...Show less