Japan core inflation up 1.2 percent in November

Dec. 26, 2013 at 10:26 PM
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TOKYO, Dec. 26 (UPI) -- Japan Friday crossed another hurdle in the fight against deflation with data showing core consumer prices rose 1.2 percent year-on-year in November.

The November core CPI excluding food was better than the previous month's year-on-year increase of 0.9 percent and 0.7 percent in September, data on the web site of the Ministry of Internal Affairs and Communications showed.

The Japanese government of Prime Minister Shinzo Abe and the Bank of Japan have put in place a number of measures to lift the world's third largest economy out of 15 years of deflation. The central bank's target is to achieve 2 percent inflation in the next two years for economic recovery.

Separately Friday, new data showed Japan's industrial output rose 0.1 percent in November.

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