Japan core inflation in September surges to its highest this year at 2.1%
Core inflation, which strips out prices of fresh food, was in line with than the 2.1% forecast by economists polled by Reuters.
Key points
- Japan's core inflation reached 2.1% in September, its highest level this year.
- The reading matched the 2.1% forecast by economists polled by Reuters.
- Core-core inflation, the Bank of Japan's preferred gauge, stood at 2.4%.
Japan's core inflation rose to 2.1% in September, its highest level this year, according to CNBC. The figure matched the 2.1% forecast by economists polled by Reuters and was faster than the previous month's reading.
Core inflation excludes fresh food prices. The report attributed the increase to higher import costs driven by a weak yen and to rising prices for durable goods.
Other inflation measures
Headline inflation also came in at 2.1% in September. Core-core inflation, which strips out fresh food and energy prices and is the Bank of Japan's preferred gauge, was at 2.4%.
