Japanese inflation cools to 17-month low
By Benjamin Chiou
Date: Friday 19 Jan 2024
(Sharecast News) - Japanese inflation slowed in December to its lowest in 17 months, according to figures released late on Thursday by the government, as energy prices fell and upwards pressure on core consumer prices eased.
The consumer price index (CPI) for last month was 2.6% higher than December 2022, slowing from the 2.8% inflation rate seen in November, as food price inflation slowed to a 14-month low of 6.7% from 7.3%.
This was the lowest rate of headline CPI inflation since July 2022, after it peaked to 4.3% in January 2023.
Excluding fresh food prices, inflation slowed to 2.3% from 2.5%, in line with market estimates. Meanwhile, excluding food and energy, core inflation eased to 3.7% from 3.8%.
Special promo:
Trading the Forex Market? Visit FXmania.com to get advanced infomation about currencies and the Foreign Exchange
Market.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN