Japan's Price Growth Picks Up Speed Ahead of BOJ Inflation Update

Japan’s consumer prices advanced at a faster clip in June in another indication of lingering stickiness in inflation ahead of next week’s Bank of Japan meeting, although economists forecast a slowdown in coming months.

Prices excluding those for fresh food gained 3.3% from a year ago, accelerating a tad from the rise in May as energy prices were less of a drag on inflation, the internal affairs ministry reported Friday. A deeper measure of the inflation trend that also excludes energy decelerated to 4.2% after reaching the highest in more than 40 years in the previous month. Both figures matched consensus.

Read More : Japan’s Price Growth Picks Up Speed Ahead of BOJ Inflation Update