Japan’s CPI core accelerates to 2.5%, but core-core slows to 2.1%

Japan’s CPI core (ex-food) accelerated from 2.2% yoy to 2.5% yoy in May, slightly below the expected 2.6%. This marks the 26th consecutive month that core inflation has remained above BoJ’s 2% target. However, the increase was primarily driven by a significant 14.7% yoy rise in electricity prices. In contrast, CPI core-core (ex-food and energy) […]

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