Inflation in Japan at its highest level in 41 years
Al-Anbat -
Alanbat - Rahaf Abdullah
Japan's core inflation hit's higher level in 41 years, Japan
core consumer price index rose 3.7% in November year-on-year, and it was the
fastest pace since December 1981 when it rose 4%.
The reading was in line with analysts' estimates and it was
3.6% last month, according to (CNBC) economic network on Friday.
The reading is still above the Bank of Japan’s 2% inflation
target.
The average of annual consumer prices was rose in Japan amid
rising prices of imported crude goods and continued weakness of the yen.