Japan's annual core consumer inflation ticked up in November and a key pric...
TOKYO - Japan’s annual core consumer inflation ticked up in November and a key price gauge hit a more than three-year high, suggesting that firms are gradually passing on rising labor and tax hike costs to shoppers.
The core consumer price index , which excludes volatile fresh food prices, rose 0.5% in November from a year earlier, government data showed on Friday, matching a median market forecast and accelerating from a 0.4% gain in October. Shoppers paid 5% more for sushi in November than a year ago and 8% more for a cup of ice cream. They spent 36% more for electric vacuum machines as high-end models sold well, the official said.“The rise in inflation excluding fresh food and energy ... is a positive sign for the Bank of Japan and will allow them to claim with more confidence that momentum towards their 2% price target is maintained,” said Tom Learmouth, Japan economist at Capital Economics.
But many analysts expect Japan’s economy, which expanded an annualized 1.8% in the third quarter, to have contracted in the current quarter as a sales tax hike in October cools consumption.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Iran's Rouhani to visit Japan in hope of easing nuke impasseIranian President Hassan Rouhani visits Tokyo to meet with Japanese Prime Minister Shinzo Abe in hopes of easing a nuclear impasse between Tehran and Washington and reduce tensions in the Middle East.
Consulte Mais informação »
Volvo to sell low-margin Japan truck unit to Isuzu in $2.3 billion dealSweden's Volvo AB will sell its Japan-based UD Trucks business to Isuzu Mot...
Consulte Mais informação »
This Mochi Soup Is How Japan Welcomes the New YearFull of delightful goodies like chewy mochi, chicken, and a variety of vegetables, ozoni is a deeply flavorful broth-based soup that's warm and comforting.
Consulte Mais informação »
The Rock created 2 holiday ice cream flavors under his Christmas alter egoDwayne Johnson churned up two flavors for Portland-based ice cream company Salt & Straw which he recently invested in.
Consulte Mais informação »
Consumer data, a key inflation measure, earnings: 3 things to watch for in the markets on FridayWe'll get consumer spending data, a core inflation reading and earnings from cruise company Carnival and Carmax on Friday.
Consulte Mais informação »