Japan's core consumer prices in Jan. rise 2.0% on year, slowest in 2 yrs

Japan's core consumer prices in January increased 2.0 percent from a year earlier, the slowest rise in two years, with the abolition of a provisional gasoline tax contributing to the deceleration, government data showed Friday.The increase in the nationwide consumer price index, excluding volatile fresh food, slowed from a 2.4 percent rise in December, according to the Ministry of Internal Affairs and Communications.Since logging 2.0 percent inflation in January 2024, the pace has accelerated, with an average increase of 3.1 percent last year on surging rice and other food prices.But the sl…READ FULL ARTICLE