Japan inflation accelerates on higher oil price, weak yen
A customer shops for groceries at a supermarket in Tokyo on July 24, 2026.
Core inflation accelerated in Japan in June, official data showed on July 24 as the Middle East war and a weak yen pushed up prices for consumers in the world's fourth-biggest economy.
The reading of 1.6 percent from the internal affairs ministry, which excludes food prices, compares with 1.4 percent in May and was in line with average market expectations.
The ministry blamed higher costs of imported energy products, driven up by the strangling of the Strait of Hormuz, which feeds through to other product prices.
