Japan’s core consumer prices edged up 0.1 percent in September, the first increase since March 2020 partly due to a rise in fuel prices, official data showed Friday.
The latest figure was in line with market expectations, and comes after August’s prices were unchanged year on year, ending a run of 12 consecutive monthly declines.
Core consumer prices — which exclude volatile fresh food — had been trimming the pace of their declines in recent months, as global commodities inflation offset the impact of a pandemic-induced spending slump.
Data showed prices jumping for fuel and accommodation fees, while telecommunications prices dipped.—AFP
