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Japan's CPI rose 0.7% in August, the eighth consecutive increase

Japan's consumer price index (CPI) rose 0.7% year-on-year in August, the eighth consecutive rise in the index after more than a year of falls, the government reported today. this Asian country.

Japan's consumer price index (CPI) rose 0.7% year-on-year in August, the eighth consecutive rise in the index after more than a year of declines,

The index thus maintained the progression started in January, when the Japanese CPI experienced its first advance in 13 months, although still is far from meeting the 2 percent target set by the Bank of Japan (BoJ).

The indicator, which excludes food prices because of its high volatility, advanced by 0.1 percent percent over July, according to data released by the Bureau of Statistics of the Japanese Ministry of Interior and Communications.

Rising fuel prices, water and light, of 5.2% year-on-year, was the main factor contributing to the increase of the indicator last month, followed by the increase in the cost of medical care, 1.8% The most noticeable setbacks were transportation and communications costs of 0.4 per cent and furniture and household utensils 0.2 per cent.

Prices in Tokyo, where the analysis corresponds to September, rose 0.5 percent year-on-year and remained flat compared to August. metropolitan area of ​​the capital are considered an advanced indicator of the evolution of the CPI in the territory.

The Bank of Japan activated in 2013 a gigantic program of flexibilization inflation target of 2 percent, although falling oil prices and the global slowdown have forced it to delay its 2019 and to activate additional measures.

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