Japan consumer prices rise in wake of high energy costs
LONDON. August 26. KAZINFORM Consumer prices in Japan rose unexpectedly in July due to higher energy costs. Core consumer prices, which do not include the price of food, rose 0.1% from the same month last year, official figures from the statistical bureau showed.
According to BBC News, Japan has been fighting falling prices amid slowing consumer demand.
However, analysts said the latest data is unlikely to end the country's fight against deflation.
"Consumer prices are unlikely to rise much and will hover around zero as commodity price rises are slowing," said Junko Nishioka of RBS Securities in Tokyo.
"Durable goods prices are also expected to fall with inventory building up and weak sales likely to trigger further price competition." she added.
Details also at http://www.bbc.co.uk/news/business-14675608