A view of a vegetable stand with prices at a supermarket in Tokyo, Japan , on Mar 24, 2023. TOKYO: Japan 's nationwide core consumer inflation likely accelerated to 2.6 per cent year-on-year in May from 2.2 per cent in the previous month, a Reuters poll of 18 economists showed on Friday , keeping the central bank on track to raise interest rates further in coming months.
"As passing on costs of a weak yen and commodity inflation run their course, and as the renewable energy factor fades away, the trend inflation would slow down slightly," said Atsushi Takeda, chief economist at Itochu Economic Research Institute."Still, we don't expect inflation to undershoot the BOJ's 2 per cent target, due to home-made inflation stemming from wage hikes and rises in service prices.
The CPI data will be published by the internal affairs and communications ministry at 8.30am June 21/2330 GMT Jun 20.
Source: Loan Digest (loandigest.net)
Inflation
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