August core CPI rises 1.7%, below expectations; BOJ rate hike path unchanged

Bloomberg··JP·Read original
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In the August national consumer price index released by the Ministry of Internal Affairs and Communications on the 18th, core CPI rose 1.7% year-on-year, slowing from the 1.8% increase in the previous month. The market forecast was a 1.8% rise. This marks the seventh consecutive month below the Bank of Japan's 2% target. Bloomberg reports that even with this result, the BOJ's rate hike path remains unchanged.

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