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MNI BRIEF: Japan June Core CPI Rises 2.6% Vs. May +2.5%

(MNI) Tokyo
(MNI) TOKYO

The year-on-year rise of Japan's annual core consumer inflation rate accelerated to 2.6% in June from May’s 2.5% due to higher energy prices and firm food prices excluding perishables, data released by the Ministry of Internal Affairs and Communications showed on Friday.

June’s index stayed above the Bank of Japan’s 2% target for the 27th consecutive month.

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The year-on-year rise of Japan's annual core consumer inflation rate accelerated to 2.6% in June from May’s 2.5% due to higher energy prices and firm food prices excluding perishables, data released by the Ministry of Internal Affairs and Communications showed on Friday.

June’s index stayed above the Bank of Japan’s 2% target for the 27th consecutive month.

Keep reading...Show less