Core consumer prices in Japan’s capital, a leading indicator of nationwide trends, rose 3.3 percent in February from a year earlier, slowing sharply from a nearly 42-year peak hit last month in a sign the boost from rising raw material costs. | Reuters
It followed a 4.3- percent increase in January, which was the fastest year-on-year increase since May 1981, government data showed on Friday.
The pace of inflation slowed due in part to the government’s energy subsidies to ease the pain on households from soaring electricity bills. Nationwide core consumer prices rose 4.2 percent in January from a year earlier, hitting a fresh 41-year high, as an increasing number of companies passed on higher costs to households.
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