Japan Consumer Prices Rise 1.8% in July as Food Costs Climb

Japan's nationwide core consumer price index rose 1.8% in July from a year earlier, with the pace of inflation accelerating for a second consecutive month as higher food prices and a rebound in energy costs outweighed a sharp decline in rice prices. The index, which excludes volatile fresh food prices, increased 1.8% from July last year, according to data released by the Internal Affairs and…