Dow Jones Newswires: Japan’s core CPI hits more than 41-year high in January

by | Feb 23, 2023 | Stock Market

TOKYO — Japan’s core consumer prices excluding fresh food rose 4.2% from a year earlier in January, hitting a more than 41-year high, government data showed Friday. That was faster than a 4% increase in December and marked the highest level since September 1981. It was the 10th consecutive month that inflation exceeded the Bank of Japan’s 2% target.

Consumer prices excluding fresh food and energy prices rose 3.2% from a year earlier in January, compared with December’s 3% increase. The central bank has said it expected inflation to fall below its 2% goal in the fiscal year beginning in April.

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