๐ฅ Japan inflation hits yearly high due to energy costs
Japan's headline inflation rate reached 1.9% in July, marking the highest level seen this year. This rise occurred as energy costs increased due to the Iran war in the Middle East. Wholesale inflation hit 7.2% for July, largely driven by escalating electricity charges. Fresh food prices also jumped sharply, increasing by 7% compared to June's 3.9% rise. The private sector's business activity continued to rise across Japan in August. ๐