Service inflation in Japan hits highest level in October
Service inflation in Japan reached its highest level in 45 months in October.
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Japan's service inflation rate reached its highest level in 45 months in October, climbing to 2.3% compared to the revised 2% recorded last month.
Service inflation last reached this level in January 2020, when it was also recorded at 2.3%.
Last week, headline inflation in Japan rose to 3.3%, while core inflation, which excludes fresh food prices, stood at 3%.