Japan’s National CPI rises 1.7% YoY in June, Core CPI meets expectations
Japan’s headline inflation accelerated to 1.7% year-on-year in June, up from 1.5% in May, while the core CPI came in as expected.
Japan's National Consumer Price Index (CPI) rose 1.7% year-on-year in June, according to data from the Japan Statistics Bureau. This marks an increase from the previous month's reading of 1.5%.
The core CPI, which strips out fresh food prices, also rose as anticipated by economists. The data points to continued but moderate inflationary pressure in the Japanese economy.
Source: FXStreet Forex News