Japan’s Inflation to Jump to Highest Level Since 1982, Citi Says
Nankin-machi in Kobe, Hyogo Prefecture, Japan.
Photographer: Soichiro Koriyama/BloombergThis article is for subscribers only.
Japan’s key inflation measure is expected to accelerate further to hit the highest level in 40 years, according to Citigroup economists.
Consumer prices excluding fresh food will likely rise 3.5% in October, Citigroup economists Kiichi Murashima and Katsuhiko Aiba wrote in a note Friday, after a government report showed it hit 3% in September. SMBC Nikko Securities forecast it to be as high as 3.4%, while NLI Research Institute see it around 3.5%.