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MNI BRIEF: Japan's Oct Core CPI Rises 3.6%; Highest Since 1982

(MNI) Tokyo
(MNI) Tokyo

Japan's annual core consumer inflation rate accelerated to 3.6% y/y in October, rising at the fastest pace since February 1982, data released by the Ministry of Internal Affairs and Communications Friday showed.

The quickening from September's 3% pace was expected by Bank of Japan officials, with core CPI expected to rise further as companies pass on cost increases and as the yen weakens.

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Japan's annual core consumer inflation rate accelerated to 3.6% y/y in October, rising at the fastest pace since February 1982, data released by the Ministry of Internal Affairs and Communications Friday showed.

The quickening from September's 3% pace was expected by Bank of Japan officials, with core CPI expected to rise further as companies pass on cost increases and as the yen weakens.

Keep reading...Show less