Daily News

5. Japan's CPI rose 0.9% in August

Japanese government officials say consumer prices rose in August for the 20th month in a row.

Internal affairs ministry officials say the consumer price index climbed 0.9 percent from a year earlier. The measure excludes fresh food prices.

Officials attribute the increase to higher fees for hotels and other accommodations due to the growing number of foreign visitors to Japan.

Electricity and gasoline prices were also higher than a year before.

The index jumped 1.3 percent year-on-year with fresh foods included, as record-setting heat drove up prices for tomatoes and other vegetables.
The ministry says it will watch closely for possible effects of the recent Hokkaido earthquake.