Japan Nationwide Inflation Climbs 2.8% On Year In February

Japan Nationwide Inflation Climbs 2.8% On Year In February

Overall nationwide consumer prices were up 2.8 percent on year in February, the Ministry if Internal Affairs and Communications said on Friday.

That was in line with expectations and up from 2.2 percent in January.

On a monthly basis, inflation was flat for the second straight month.

Core CPI, which excludes the volatile costs of food, was up 2.8 percent on year - also matching forecasts and accelerating from 2.0 percent in the previous month.

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