Inflation in Japan highest since 1982 ...News

A weak yen has been pushing up the cost of imported commodities Japan’s consumer price growth accelerated to a 40-year high in October, driven by a weak national currency and imported cost pressures, government data showed on Friday. According to the report, the nationwide core consumer price index (CPI) was up by 3.6% from a year earlier, showing the fastest pace of growth since 1982. Last month’s jump exceeded the 3.5% rise expected by economists and the 3% gain seen in September. The rise in the index, which excludes volatile fresh food prices but includes oil products, confirmed that inflation remained above t

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