Japan’s inflation slows for the first time in four months
The consumer price index excluding fresh food rose 1.7% in August from a year earlier, easing from a 1.8% pace in July.
Japan's inflation rate decelerated for the first time in four months, as reported in data released prior to the anticipated announcement of an interest rate increase by the Bank of Japan. The consumer price index (CPI), which excludes fresh food, increased by 1.7% in August compared to a year ago, marking a slight deceleration from the 1.8% pace observed in July.
However, this reduction in inflation was not as significant as economists had anticipated, who had expected it to remain unchanged. Despite this moderate slowdown in inflation, it is unlikely to impact the decision of the Bank of Japan to raise interest rates on Friday, especially considering the widespread expectation that price trends will accelerate in the coming months.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
