Japan core inflation rate in June creeps up from 4-year low as higher oil prices bite
Japan's core inflation came in at 1.6% in June, as higher oil prices start to spill over into the wider economy. This is the first rise in core inflation since March, and was in line with the 1.6% growth expected by economists polled by Reuters. Core inflation in Japan strips out prices of fresh food.
- ▪Japan's core inflation came in at 1.6% in June, as higher oil prices start to spill over into the wider economy.
- ▪This is the first rise in core inflation since March, and was in line with the 1.6% growth expected by economists polled by Reuters.
- ▪Core inflation in Japan strips out prices of fresh food.
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Japan's core inflation came in at 1.6% in June, as higher oil prices start to spill over into the wider economy. This is the first rise in core inflation since March, and was in line with the 1.6% growth expected by economists polled by Reuters. Core inflation in Japan strips out prices of fresh food. Headline inflation increased to 1.7% from May's 1.5%, while the so-called "core-core" inflation rate, which strips out prices of fresh food and energy, dipped to 1.7%, the lowest since August 2022. Cushioned by government subsidies, energy prices dipped just 0.1% year-on-year in June, compared with a 2.5% fall in May. Charges for fuel, light and water remained flat, ending 6 straight months of declines.
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