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International Business Times
International Business Times
World

Japan Rice Prices Soar As Core Inflation Accelerates

Japan's government began auctioning its rice stockpile last month (Credit: AFP)

Rice prices in Japan last month were almost twice what they were a year earlier, official data showed Friday, as core inflation accelerated in the world's number four economy.

The price of the grain has soared in recent months, prompting Japan's government to release some of its emergency stockpile into the market.

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