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Japan’s core inflation climbs to 3.5%, highest in more than 2 years
- Japan's core inflation reached 3.5% in April, the highest level in over two years, as reported by data released on May 23.
- Food inflation increased to 7.0% in April, with significant price hikes seen in rice and chocolate, indicating rising costs for consumers.
- The government has started auctioning its stockpile of rice for the first time since 1995, in response to rising prices.
- Underlying inflation has remained above the Bank of Japan's target rate of 2% for nearly three years, affecting interest rate policies.
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charitonleader.com+52 Reposted by 52 other sources
Japan core inflation tops forecasts as rice prices almost double
Japanese inflation spiked at a two-year high in April, data showed Friday, as rice prices almost doubled, turning focus on the central bank as it mulls more interest rate hikes amid Donald Trump's trade war.
·Chariton, United States
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Total News Sources77
Leaning Left4Leaning Right11Center23Last UpdatedBias Distribution61% Center
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