2023-09-29 14:55:06
Tokyo’s core inflation rate slowed for a third consecutive month in September, supporting the Bank of Japan’s inflation cooling outlook
Financial World 2023-09-29 22:55:06
Tokyo’s core inflation rate slowed for a third consecutive month in September, supporting the Bank of Japan’s view that inflation will cool further.
Japanese government data released on Friday showed that consumer prices excluding fresh food in Tokyo rose 2.5% year-on-year, down from 2.8% in August. Economists forecast a rise of 2.6%.
Tokyo CPI data is a leading indicator of Japan’s national inflation trend, which means that Japan’s inflation may continue to cool.
In its latest outlook released in July, the Bank of Japan expected inflation to average 2.5% in the year to March next year, and expected inflation to slow before the end of the year.
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