MADRID, 18 Ago. (EUROPA PRESS) -

The reference inflation rate in Japan, the one that excludes the impact of the price of fresh food, stood at 3.1% year-on-year last July, compared to 3.3% the previous month, according to published data. by the Ministry of the Interior and Communications of the Japanese country.

In the case of the general inflation rate, the CPI remained at 3.3% in the seventh month of the year, the same figure as in June.

However, the core inflation rate, which in addition to fresh food also excludes energy, rose one tenth in July, to 4.3%, the same result it registered last May, when it reached its highest since 1981.

In July, the price of food in Japan experienced a year-on-year rise of 8.8%, compared to the increase of 8.4% observed the previous month.

The Policy Council of the Bank of Japan (BoJ) agreed at the end of July to keep the reference interest rate at -0.1%, the same rate it has been applying since January 2016, when it entered negative territory for the first time. time in its history, thus widening the differential with respect to its American and European counterparts

At the same time, the institution led by Kazuo Ueda raised its inflation forecast for 2023 to 2.5%, compared to the 1.8% anticipated last April.