1 percent in February from a year earlier, slowing from the four-decade highs seen in previous months, government data showed on Friday.The figure, which excludes volatile fresh food, met market expectations and comes after the government introduced relief measures for soaring energy bills.It is the first deceleration in over a year, marking a fall from January, when prices jumped 4.2 percent on-year the highest level since September 1981, fueled in part by higher energy bills.
But it remains lower than the sky-high inflation seen in the United States and elsewhere, with central banks worldwide hiking interest rates to tackle rising prices.When both fresh food and energy prices are excluded, Japan's figure for February is 3.5 percent.The BoJ views the price increases as the result of temporary factors, including the war in Ukraine, so sees no reason to tweak its monetary easing measures.
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