Japan’s core inflation rate slows in September

Japan’s core inflation rate slows in September …C0NTINUE READING HERE >>>

Japanese inflation has been above the central bank’s two percent target since April 2022.
Photo: Philip FONG / AFP
Source: AFP

Japanese inflation slowed in September with prices up 2.4 percent on-year, not including volatile fresh food, official data showed Friday.

The core Consumer Price Index eased from 2.8 percent in August as the pace of increase in electricity and gas prices relented, the internal affairs ministry said.

Despite the slowdown, the rate remained above the Bank of Japan’s two percent target, set over a decade ago as part of efforts to boost the stagnant economy.

The…

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