Annual core inflation climbed by 3.3% in July

Core personal consumption expenditures, a key measure of inflation for the Federal Reserve, increased by 3.3% on an annual basis in July.

The Personal Consumption Expenditures index was unchanged from June, highlighting stubborn inflationary pressures.

The personal consumption expenditures price index was expected to rise 0.1% monthly and 3.6% on a 12-month basis, according to economists surveyed by Dow Jones.

TOKYO, Aug 26 : A key gauge of Japan's service-sector inflation rose 3.6 per cent in July from a year earlier, data showed on Wednesday, reinforcing the central bank's view that a tight labour market is pushing firms to pass rising costs on to consumers.The increase in the services producer price index, which tracks th