Posted 11/24/2023, 5:54:48 AM
Japan Inflation Hits 31-Year High of 3.3% in October, Though Below Forecasts
- Core consumer price index in Japan rose 2.9% in October 2023 from a year ago, missing forecasts for a 3% rise
- Food prices in Japan increased 8.6% in October 2023 compared to a year earlier
- Annual inflation rate in Japan rose to 3.3% in October 2023, highest since July
- Bank of Japan revised its inflation forecasts higher for 2023 and 2024, exceeding 2% target
- Producer prices in Japan rose 0.8% year-over-year in October 2023, lowest increase in three years