Japan inflation accelerates to 2.7pc in July

TOKYO, Aug 23 (AFP) : Japanese inflation was slightly higher in July, with prices rising 2.7 percent on-year compared with 2.6 percent the month before, internal affairs ministry data showed Friday.
The core Consumer Price Index reading, which excludes volatile fresh food prices, was in line with market expectations.
Increases in the cost of electricity and gas, processed food and car insurance premiums were among the areas contributing to the uptick, the ministry said in a statement.