Tokyo Inflation Rises for Third Consecutive Month

Consumer prices in Japan's capital increase, keeping the possibility of a central bank rate hike alive.

Tokyo's core consumer price index rose by 2.2% in July, up from 2.1% in June.
Energy prices, particularly electricity, saw a significant increase of 19.7% year-on-year.
The Bank of Japan will consider this data in its upcoming policy meeting, with potential interest rate hikes on the table.
Despite the rise in inflation, weak consumer spending complicates the decision for the central bank.
Inflation excluding fresh food and energy slowed to 1.5%, indicating moderated price hikes.