Japan’s consumer prices continued to rise in October, with the National CPI increasing 2.3% year-over-year, signaling persistent inflationary pressures. The core consumer price index, excluding volatile food prices, rose more than anticipated, underscoring the challenges faced by policymakers in achieving stable price growth amid fluctuating economic conditions.
The higher-than-expected rise in the core CPI reflects resilient consumer demand despite a weakening yen and global uncertainties. Analysts are closely watching how this trend will influence the Bank of Japan’s stance on monetary easing, as sustained inflation could prompt a shift in its ultra-loose policies.
