The consumer price index rose in July for the seventh month in a row, and the core index maintained its rising on a steadily upward path. A sign that the third largest economy in the world recovering. With the core CPI rising, excluding fresh food prices by 0.5% on yearly basis in July.
The headline CPI rose by 0.4% in July from 0.2% in the previous month. Also, the core CPI in Tokyo rose by 0.4%.
Inflationary pressures continue to rise but remain below the Bank of Japan target. Monetary policymakers have pushed back the achieving of 2% inflation target at their last meeting in a sign that monetary easing will continue in the near future.
Japan's economy continues to show signs of improvement after GDP rose for the sixth quarter in a row in the second quarter of this year.