
Japan's Core CPI Rises to 1.6% in June, Below BOJ Target
Japan's core consumer price index (CPI) rebounded to 1.6% in June, an increase from a four-year low, driven by higher oil prices. Despite the acceleration, the annual inflation rate remains below the Bank of Japan's target.
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Japan core inflation rate in June creeps up from 4-year low as higher oil prices bite
This is the first rise in core inflation since March, and was in line with the1.6% growth expected by economists polled by Reuters.
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