Tokyo's core CPI climbs 1.9% in April, fastest pace in 7 years

Core consumer prices in Tokyo increased 1.9 percent in April from a year earlier, the fastest pace in over seven years, accelerated by rises in crude oil and material prices amid Russia's invasion of Ukraine, government data showed Friday.The core consumer price index excluding volatile fresh food items, seen as an indicator of Japan's CPI, marked the eighth straight month of year-on-year gain and its largest increase since March 2015, the Ministry of Internal Affairs and Communications said in a preliminary report.The rise, which was close to the Bank of Japan's 2 percent inflation target,…READ FULL ARTICLE