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ASIA:
Japan’s core consumer prices rose 0.2% in June from a year earlier to mark the fastest annual pace in over a year, data showed on Tuesday, a sign the impact of global commodity inflation was gradually broadening. The rise in the core consumer price index (CPI), which includes oil products but excludes volatile fresh food prices, matched a median market forecast for a 0.2% gain and followed a 0.1% increase in May. The increase, which was the fastest since March 2020, was due mostly to a 4.6% rise in energy costs with gasoline prices up 17.9%.
Shanghai decreased 2.33 points or -0.07% to 3,536.79
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