Japan’s CPI core slows to 2.5% yoy, but services inflation hit three-decade high

Japan’s core CPI, which excludes fresh food, decreased from 2.9% yoy to 2.5% yoy in November, marking the lowest level since July 2022. Despite this deceleration, inflation remains above BoJ’s target of 2% for the twentieth consecutive month, indicating persistent inflationary pressures. All-items CPI also experienced a slowdown, dropping from 3.3% yoy to 2.8% yoy. […]

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