Japan’s consumer price growth in July slowed from the previous month, nudged lower by falling energy prices and complicating central bankers’ task as they debate a historic shift in monetary policy.
The “core” inflation rate, which excludes volatile fresh food prices, retreated to 3.1 per cent in July from 3.3 per cent the previous month.
The reading, released on Friday and in line with economists’ forecasts, marked the 16th consecutive month that the index exceeded the Bank of Japan’s target of 2 per cent.
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