Japan's core inflation slowed in March due to mild rises in food prices while staying comfortably above the central bank's 2% target, government data showed on April 19, 2024.Japan's core inflation slowed in March due to mild rises in food prices while staying comfortably above the central bank's 2% target, government data showed on Friday.
The "core core" index, which excludes both fresh food and energy costs and is closely watched by the Bank of Japan as a key gauge of broader inflation trends, rose 2.9% after increasing 3.2% in February. It was the first time since November 2022 that the index fell below 3%.
Source: News Formal (newsformal.com)
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