TOKYO Japan's core consumer prices edged up in November from a year earlier after three straight months of declines, data showed on Friday, as broadening price increases for food and grocery items offset some of the pressure from slumping energy costs.
But household spending suffered its third straight month of annual declines, casting doubt on the Bank of Japan's argument that robust consumption will allow firms to keep raising prices and help accelerate inflation to its ambitious 2 percent target.
The core consumer price index (CPI), which includes oil products but excludes volatile fresh food prices, rose 0.1 percent in November from a year earlier, after a 0.1 percent drop in October, data from the Internal Affairs Ministry showed.
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But household spending suffered its third straight month of annual declines, casting doubt on the Bank of Japan's argument that robust consumption will allow firms to keep raising prices and help accelerate inflation to its ambitious 2 percent target.
The core consumer price index (CPI), which includes oil products but excludes volatile fresh food prices, rose 0.1 percent in November from a year earlier, after a 0.1 percent drop in October, data from the Internal Affairs Ministry showed.
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