Charting the Global Economy: Inflation Picks Up in Japan, UK
Shoppers in the Shibuya district in Tokyo.
Photographer: Noriko Hayashi/BloombergThis article is for subscribers only.
Inflation accelerated in Japan, the UK and Canada, reinforcing a resurgence in price pressures around the world at the start of the year.
Food prices were a major driver of higher prices in Japan, where policymakers are expected to raise interest rates further. Traders trimmed bets on future rate cuts in the UK and Canada.