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Japan Jul core inflation falls 0.3pc on year

Japan’s core consumer prices fell 0.3 percent in July from a year earlier, data showed on Friday, as the economy struggles to escape deflation and achieve the central bank’s 1 percent inflation target.

The decline in the core consumer price index, which includes oil products but excludes volatile prices of fresh fruit, vegetables and seafood, matched the median market forecast, data from the Ministry of Internal Affairs and Communications showed.

It was the third straight month of declines, following a 0.2 percent drop in the core index in June.

 

(Source: CNBC)