Japan consumer prices up 1.3 per cent in February

Breaking News March 28, 2014 00:00

Tokyo - Consumer prices in Japan climbed 1.3 per cent in February from a year earlier, for the ninth consecutive month of rise, the government said Friday.

The core consumer price index, which excludes fresh food, stood at100.5 against a base of 100 for 2010, the Ministry of Internal Affairs and Communications said.
Higher petrol prices and electricity costs amid the depreciation of the Japanese yen were behind the figures, the ministry said.
In April 2013, the Bank of Japan decided to take aggressive monetary easing stops to achieve an inflation target of 2 per cent within about 2 years, to fight the deflation that has affected the country for more than a decade.

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