Japan core consumer prices hit 8-year high in September

According to the Ministry of Internal Affairs and Communications, the nationwide core consumer price index, excluding volatile fresh food items, exceeded the Bank of Japan’s 2 per cent target for the sixth straight month.

This was due to the Japanese yen’s drop to 32-year lows against the dollar, pushing up import costs in the reporting period, Xinhua news agency reported, citing the ministry’s data.

The statistics bureau said inflation in Japan rose for the 13th straight month as commodity prices continued to rise while the Japanese currency sank, including to a series of more than three-decade lows against the dollar, in the recording period.

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

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