Janurary 22, 2025

Japan’s core inflation rate rose to a 16-month high at 3% in December, year on year, boosting the case for a rate hike from the Bank of Japan.

This was in line with inflation expectations from economists polled by Reuters, and higher than the 2.7% growth in prices recorded in November.

The December reading means that core inflation in the country has matched or ran above the Bank of Japan’s 2% target for 33 months in a row. The core inflation reading strips out only prices of fresh food, but includes energy.

Read more:

https://www.cnbc.com/2025/01/24/japan-core-inflation-climbs-to-a-16-month-high-boosting-case-for-rate-hikes.html