Japan's inflation accelerates for third consecutive month in July

Core CPI gains 2.7% on temporary end of electricity and gas subsidies

20240822 Japan Electricity

A temporary end of government subsidies for electricity and gas have pushed inflation higher. (Photo by Konosuke Urata) 

NANCY ZHENG, Nikkei staff writer

TOKYO -- Japan's core inflation rate accelerated for the third straight month in July due to higher electricity costs, remaining above the central bank's 2% target, according to government data released on Friday.

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