Japan’s economic recovery gained momentum in July, as manufacturing accelerated and consumer prices rose for a second straight month, despite weaker household spending and retail sales.
The data released on Friday showed the consumer price index rose 0.7 percent in July from a year earlier, for the second straight month of gains.That suggests efforts to break free of years of demand-dampening deflation are progressing. The CPI rose 0.2 percent in June.
However, the core index, which excludes food and energy prices, fell 0.1 percent.
(Source: The Jakarta Post )