Core consumer price index inflation– which excludes volatile fresh food prices– rose to 1.9% year-on-year in July, government data showed on Friday. A core reading that excludes both fresh food and energy prices rose to 2.0% in July from 1.9% in the prior month. While government subsidies had so far shielded consumers from higher energy prices, producer inflation rose sharply in recent months, heralding a spillover into consumer prices. Tokyo inflation data usually acts as a bellwether for nationwide inflation, given the region's economic prevalence. Related articlesTokyo CPI rises in July, core inflation nears BOJ target on energy costs, weak yenFAA said to bar employees from buying SpaceX sharesIs the Bank of Korea getting ready for a multi-hike cycle?