Japan inflation hits 5-year high
TOKYO: Japan's core consumer inflation in August hit its highest level in nearly five years, while prices of personal electronics rose for the first time since 1992 - signs Japan may be emerging from 15 years of nagging deflation.
Core consumer prices, which include oil products but exclude volatile prices of fresh food, rose 0.8 per cent last month from a year earlier after a 0.7 per cent increase in July, marking the third straight month of gains.
It was the fastest rise since November 2008, when core consumer inflation hit one per cent reflecting a spike in global commodity prices, government data showed yesterday. Reuters