Japan’s October consumer prices gain 3.6% on year

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Kyodo News

Core consumer prices in Japan rose 3.6 percent in October from a year earlier, government data showed Friday, well above the Bank of Japan’s 2 percent target. The nationwide core consumer price index, which excludes volatile fresh food items, rose for the 14th straight month. It remained above the 2 percent inflation target for the seventh month in a row, though the central bank maintains that inflationary pressure will ease next year.

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