Japan core inflation holds steady in May, matching expectations despite energy price concerns
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- Japan's core inflation rate held steady at 1.4% in May, matching expectations and suggesting that underlying price pressures remained contained despite concerns that higher energy costs could push inflation higher.
- The inflation figure — which excludes prices of fresh food — was in line with the 1.4% expected by economists polled by Reuters and unchanged from April.
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Japan's core inflation rate held steady at 1.4% in May, matching expectations and suggesting that underlying price pressures remained contained despite concerns that higher energy costs could push inflation higher.
The inflation figure — which excludes prices of fresh food — was in line with the 1.4% expected by economists polled by Reuters and unchanged from April. Headline inflation edged up to 1.5% from 1.4% a month earlier, while the so called "core-core" inflation rate, which strips out prices of fresh food and energy, eased to 1.8% from 1.9% in April.