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Japan core inflation rate in June creeps up from 4-year low as higher oil prices bite
Japan's core inflation rate in June rose from a 4-year low, marking the first increase since March, driven by higher oil prices. The rise aligned with economists' expectations of a 1.6% growth rate.
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Adjacent reporting
- Japan core inflation holds steady in May, matching expectations despite energy price concerns
- Global wholesale inflation grows amid rising energy costs
- Japan inflation softens more than expected in April, weakening case for BOJ rate hike
- April CPI came in hot, rising to 3.8% the highest level since May 2023. Core CPI also moved higher to 2.8%, beating expectations of 2.7%. With oil prices surging, inflation is starting to look uncomfortable again. Now the market is pricing in higher odds of Fed rate hikes.