Japan Inflation Softens Out as Energy Costs Push Headline to 1.9%

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Source: CNBC
Japan Inflation Softens Out as Energy Costs Push Headline to 1.9%
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TL;DR Summary

Japan's headline inflation climbed to 1.9% in July—the year's high—driven by renewed energy costs and a 7.2% surge in wholesale prices, even as subsidies kept consumer inflation relatively muted; core-core inflation sits near 1.9%, fueling expectations of a BOJ rate hike in September as price pressures persist.

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