Core consumer prices in Japan's capital in November rose 2.2% from a year earlier, data showed on Friday, staying above the central bank's 2% target and keeping alive market expectations for a near-term interest rate hike.

Core consumer inflation in Japan's capital accelerated in November and stayed above the central bank's 2% target, data showed today, as price pressures broadened, keeping alive market expectations for a near-term interest rate hike.

Higher prices of key food items, costlier electricity rates, rising oil prices and the depreciation of the peso against the dollar may have pushed inflation upward in November, the Bangko Sentral ng Pilipinas (BSP) said.