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MNI BRIEF: Japan Sep Tokyo CPI Rises 2.8%; Highest Since 2014

(MNI) Tokyo
MNI (TOKYO)

The year-on-year rise in Tokyo's core inflation rate accelerated to 2.8% in September from August’s +2.6%, indicating that nationwide core CPI will likely rise to near 3.0% in September, data from the Ministry of Internal Affairs and Communications showed on Tuesday.

The September’s +2.8% is the highest since June 2014 when it also rose 2.8%. It was the 13th consecutive rise. The inflation data underscores concerns among Bank of Japan officials that inflation is accelerating across the nation. (See MNI: BOJ Worried About Surge in Oct Tokyo CPI, Hit To Spending)

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The year-on-year rise in Tokyo's core inflation rate accelerated to 2.8% in September from August’s +2.6%, indicating that nationwide core CPI will likely rise to near 3.0% in September, data from the Ministry of Internal Affairs and Communications showed on Tuesday.

The September’s +2.8% is the highest since June 2014 when it also rose 2.8%. It was the 13th consecutive rise. The inflation data underscores concerns among Bank of Japan officials that inflation is accelerating across the nation. (See MNI: BOJ Worried About Surge in Oct Tokyo CPI, Hit To Spending)

Keep reading...Show less