Japan inflation ticks up, jobless rate at 2.8 per cent in October

By: |
Published: December 1, 2017 11:06:23 AM

Japan reports its core inflation rate rose 0.8 percent in October, a slight increase from the month before, while the jobless rate remained steady at a very low 2.8 percent.

Japan, jobless rate, Japan reportsJapan reports its core inflation rate rose 0.8 percent in October, a slight increase from the month before, while the jobless rate remained steady at a very low 2.8 percent. (Image: Reuters)

Japan reports its core inflation rate rose 0.8 percent in October, a slight increase from the month before, while the jobless rate remained steady at a very low 2.8 percent. The data reported Friday add to indications of a stable recovery, although the rate of price increases is well below the 2 percent official target. Inflation excluding volatile food prices and energy was only 0.2 percent, suggesting much of the increase in prices was related to energy costs. Electricity rates jumped 8 percent and the price of kerosene, used to heat many homes, climbed 21 percent.  Household incomes rose nearly 3 percent in October from a year earlier while spending was flat. Japan’s economy has picked up in recent months largely thanks to revived demand for exports across the region.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1India Inc raises record Rs 49,000 cr via QIPs: Prime Database
2HDFC AMC announces IPO
3Reliance General Insurance IPO gets final Sebi clearance