Japan inflation accelerates in April on reduced energy subsidies

Japan's core consumer prices in April climbed 3.5 percent from a year earlier, increasing at the fastest pace in more than two years, driven by reduced government utility subsidies and surging rice prices, government data showed Friday.The increase in the nationwide core consumer price index, excluding volatile fresh food, followed a 3.2 percent rise in March and was the largest since January 2023, with the key gauge of inflation having remained at or above the Bank of Japan's 2 percent target since April 2022.Core-core CPI, which strips away both energy and fresh food and shows underlying …READ FULL ARTICLE