Japan inflation accelerates in July
People looks at the fruits at a shop at the Tsukiji Outer Market in Tokyo. (AFP photo)
Inflation in Japan picked up last month as the Middle East war and a weak yen pushed up prices, official data showed on Aug. 21, reinforcing expectations for a tightening of monetary policy.
Core inflation excluding food accelerated to 1.8 percent from 1.6 percent, according to the internal affairs ministry, in line with market expectations.
Stripping out energy prices, inflation rose to 1.9 percent from 1.7 percent, also meeting consensus forecasts.
