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Economy

Japan's core consumer prices rise 0.7% on year in December

TOKYO (Kyodo) -- Japan's core consumer prices rose 0.7% in December from a year earlier pushed up by climbing energy costs, government data showed Friday.

The pace of increase in the nationwide consumer price index, excluding fresh food items because of their volatility, slowed from a 0.9 percent gain in November.

Prices rose for the 24th straight month, according to the data released by the Ministry of Internal Affairs and Communications, though the gains continued to run short of the Bank of Japan's 2 percent inflation target.

For the whole of 2018, core consumer prices rose an average 0.9 percent, marking the second consecutive year of gains.

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