Japan's core consumer price index rose 1.6% in June, up from 1.4% in May, driven by rising fuel and import costs linked to the Middle East conflict and a weak yen. Producer prices surged 7.1%, indicating broader inflationary pressures. The Bank of Japan, which recently hiked rates to a 31-year high, remains concerned about upside risks to inflation, particularly from the energy shock. This global inflationary trend and central bank hawkishness could support international gold prices, while rising crude oil costs may indirectly impact Pakistan's import bill and local inflation.
بحوالہ / Source: www.brecorder.com