Japan’s key gauge of inflation rose in September, official data showed on Friday, staying close to its fastest pace in nearly five years.
The nationwide core consumer price index (CPI) climbed 0.7 percent from a year earlier, in line with expectations. It was the fourth straight month of gains. It followed a 0.8 percent increase in August, which was the fastest pace since November 2008, when it rose 1 percent.
Tokyo’s core CPI, seen as a leading indicator for inflation, rose 0.3 percent year on year in October, also as expected.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at firstname.lastname@example.org. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.