Japan inflation speeds up in September

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.


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