Japan inflation likely hit 17-month-high in January on rising food prices: Reuters poll
Japan's core consumer price inflation likely accelerated in January from the previous month and rose at the joint-fastest pace in 17 months due to high food prices and reduced energy subsidy, a Reuters poll showed on Friday.
January reports highest month-over-month inflation increase since August 2023
The consumer price index, the top measure for inflation in the U.S., increased 3% in the 12-month period ending in January, which was up from 2.9% in December. The Bureau of Labor Statistics released the updated consumer price index on Wednesday.
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