Japan CPI core cools to 3.3% on energy, but food and services prices still climb

Japan’s core consumer inflation slowed in June for the first time in four months, driven by easing energy prices. Core CPI, which excludes fresh food, decelerated from 3.7% yoy to 3.3% yoy, in line with expectations. While still above the BoJ’s 2% target — where it’s been since April 2022 — the moderation suggests waning […]

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