US EditionJapan’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.
77 Articles
77 Articles
Japan core inflation hits two-year high in April
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. The news also puts pressure on Prime Minister Shigeru Ishiba ahead of elections in July…
Core inflation in Japan, which excludes fresh food prices, reached 3.5 percent in April, up 0.3 percentage points from March and the highest since January 2023. Rice prices rose 98.4 percent year-on-year, according to data released today by the National Statistics Office, according to the French news agency AFP.
charitonleader.com
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.
Coverage Details
Bias Distribution
- 57% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
