Consumer prices excluding fresh food rose less than expected, with overall inflation easing to 2.0% but core indices still above the Bank of Japan's target.
Tokyo’s core consumer price index, excluding fresh food, increased 2.3% year-on-year in December, lower than November’s 2.8% and below economists’ 2.5% forecast. Overall inflation fell to 2.0%, while an index excluding both fresh food and energy slowed to 2.6%. Despite easing, the latter remains above the Bank of Japan’s 2% target.