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Japan consumer prices rise at fastest pace in 2 years in February

Higher energy, food prices have been stoking inflationary pressure

The global rise in fuel and raw material costs is building inflationary pressure in Japan.   © Kyodo

TOKYO (Reuters) -- Japan's core consumer prices rose 0.6% in February from a year earlier, government data showed on Friday, marking the fastest pace in two years in a sign of growing inflationary pressure from higher energy and food costs.

The increase in the core consumer price index, which excludes volatile fresh food but includes energy costs, matched a median market forecast for a 0.6% gain.

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