Core consumer prices rose 0.5 percent in November from a year earlier, affected by the consumption tax hike that increased the cost of dining out, but the pace of inflation remained far below the Bank of Japan’s 2 percent target, government data showed Friday.
The nationwide core consumer price index, excluding volatile fresh food prices, rose for the 35th straight month following the Oct. 1 consumption tax increase from 8 to 10 percent, the Ministry of Internal Affairs and Communications said. It rose 0.4 percent in October.
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