TOKYO, 22nd November, 2024 (WAM) -- Japan's core consumer prices in October rose 2.3 percent from a year earlier, increasing at a slower pace for the second straight month due to lower energy costs, government data showed Friday.
According to Kyodo News, the increase in the nationwide core consumer price index, excluding volatile fresh food, followed a 2.4 percent rise in September and 2.8 percent increase in August.
The inflation rate has remained at or above the Bank of Japan's 2 percent target since April 2022.
The core-core CPI, which strips away both energy and fresh food and shows underlying price trends, was up 2.3 percent, the Ministry of Internal Affairs and Communications said.
Energy prices gained 2.3 percent, down from an increase of 6.0 percent in September.
Prices for food increased 3.8 percent and those for household durable goods rose 6.0 percent.