CNBC·4 min read·medium
Japan core inflation rate in June creeps up from 4-year low as higher oil prices bite
L
Lim Hui Jie
✦AI Summary
Japan's core inflation rose to 1.6% in June, driven primarily by higher energy and oil import costs. Despite government subsidies, businesses are facing significant pressure from rising producer prices and a weak yen.
Japan 's core inflation came in at 1.6% in June, government data released Friday showed, as the impact of higher oil prices spills over into the wider economy.
economybusinessworld
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