Economics
Japan’s Key Consumer Price Gains Hit 2% After Dialing Out Phones
- Continued gains in energy costs push core inflation to 0.5%
- Government-driven cuts to mobile phone fees holding down CPI
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Gains in Japan’s core consumer prices accelerated in November and would have hit the central bank’s 2% target without the impact of slashed mobile phone fees.
Consumer prices, excluding those for fresh food, rose 0.5% compared with a year earlier, driven by higher energy prices, the ministry of internal affairs reported.