Japan CPI Rise To 5-Year High

Japan’s core consumer prices, which exclude volatile food prices, rose 0.8 percent in August from a year earlier, recording their biggest annual rise in almost five years.

The rise in the core consumer price index (CPI) marked the third straight month of increases and was above analyst expectations in a Reuters poll for a 0.7 percent rise.

It is the latest sign that aggressive monetary easing from the Bank of Japan this year is helping to push Japan out of the deflation that has hampered the economy for almost two decades.

Higher energy prices helped boost inflation, while a weak yen lifted the cost of imports and is something that could undermine consumer spending going forward.

CNBC

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