Inflation

Japan's consumer inflation slows to 3.1% in July

Figure remains above central bank's 2% target for 16th straight month

20230818 Tokyo supermarket

A supermarket in Tokyo. Food prices continued to rise in July in Japan. (Photo by Makoto Okada) 

CHIHIRO ISHIKAWA, Nikkei staff writer
August 18, 2023 08:37 JST
Updated on August 18, 2023 12:06 JST

TOKYO -- Japan's core consumer price index, which excludes fresh food, rose 3.1% in July from a year earlier, down from a 3.3% rise in June, according to official data released Friday.

The latest figure stayed above the Bank of Japan's 2% target for the 16th consecutive month.

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