Japan's core consumer prices in September rise 2.9% on year

Japan's core consumer prices in September rose 2.9 percent from a year earlier, driven by higher energy and food costs, government data showed Friday.The increase in the nationwide consumer price index, excluding volatile fresh food, accelerated for the first time in four months, following a 2.7 percent rise in August, the Ministry of Internal Affairs and Communications said.The key gauge of inflation has remained at or above the Bank of Japan's 2 percent target since April 2022, according to the ministry.Core-core CPI, which excludes both energy and fresh food to better capture underlying …READ FULL ARTICLE