Japan’s core consumer prices increased for the 24th month in August year on year, the government said in a report on Friday.
According to the Ministry of Internal Affairs and Communications, prices rose 3.1 percent in August from a year earlier.
The pace of the increase in the nationwide consumer price index (CPI), excluding fresh food prices because of their volatility, remained above the Bank of Japan’s 2 percent inflation target for the 17th month though unchanged from 3.1 percent in July.
The CPI rose 0.3 percent in August from the previous month on a seasonally adjusted basis, the data showed.—Xinhua
