Japan's Core Inflation Hits 16-Month High
This is a Japan news story, published by CNBC, that relates primarily to the Bank of Japan's news.
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highest inflation rateCNBC
•Business
Business & Economics
Japan core inflation climbs to a 16-month high, boosting case for rate hikes
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85% Informative
The headline inflation rate in Japan came in at 3.6% , accelerating sharply from 2.9% in November .
The reading is the highest inflation rate since August 2023 , and boosts the case for a rate hike.
Core inflation has matched or ran above the Bank of Japan's 2% target for 33 months .
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