MADRID, 21 Oct. (EUROPA PRESS) -

The reference year-on-year inflation rate in Japan, which excludes the volatility of fresh food prices, stood at 3% last September, two tenths above the August reading, which represents the largest increase of the cost of living since 2014, according to data published by the Japanese government.

Excluding the impact of the VAT hikes implemented in 2014, Japan's inflation rate in September would be the highest since August 1991.

On its side, the general price index remained stable in September at 3%, while the core inflation rate, which in addition to food also excludes the impact of energy, rose to 1.8% from 1, 6% from August, its biggest rise since March 2015.

In addition to the strong impact of rising energy prices, particularly gas, the inflation data also reflects the collapse of the yen against the dollar.

In this sense, the yen exchange rate fell yesterday to its lowest level in the last 32 years against the 'greenback' given the prospect that the United States Federal Reserve (Fed) will continue to increase interest rates , which fuels speculation about the intervention of the Bank of Japan to contain the collapse of the Japanese currency.

In this way, the dollar was exchanged for more than 150 yen, something that had not happened since August 1990. So far this year, the price of the yen has sunk 30% in relation to the dollar.