Japan’s CPI Cools to Slowest Pace in Two Years on Distortions


Service prices, a vital component of the index that indicates the sustainability of inflation, increased 1.4% from a year earlier, the same pace as the previous month. Rice prices, a driving force of last year’s price spike, climbed 27.9%, continuing to cool after soaring by a record 101.7% in May last year. Food excluding fresh items rose 6.2%, the slowest pace since March last year.



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