Mubasher: Japan’s core inflation rate rose in October for the tenth month in a row, backed by the growth in fuel, energy, and healthcare prices.
The world’s third-largest economy's consumer price index (CPI) edged up 0.8% year-on-year in October, compared to 0.7% in September, according to data published by the Japanese Ministry of Internal Affairs and Communications on Friday.
Moreover, the Bank of Japan is targeting a 2% growth in the country’s inflation, the ministry noted, adding that the prices of food and fuel inched up by 0.2%.
The prices of energy and water went up 6.2% year-on-year in October, while healthcare costs increased 1.6%.
By 11:22 am GMT time, the Japanese Yen settled against the US Dollar at JPY 112.31.
