Japan's consumer prices rose 3.1 percent in February from a year earlier, slowing from the four-decade highs seen in previous months.
The inflation figure, which excludes volatile fresh food, met market expectations.TOKYO - Japan's consumer prices rose 3.1 percent in February from a year earlier, slowing from the four-decade highs seen in previous months, government data showed Friday.
UBS economist Masamichi Adachi had said ahead of the data release that he expected lower inflation in February"due to a discount on energy price with the government's subsidies", which were announced in October and came into effect this year. But it remains lower than the sky-high inflation seen in the United States and elsewhere, with central banks worldwide hiking interest rates to tackle rising prices.The BoJ views the price increases as the result of temporary factors, including the war in Ukraine, so sees no reason to tweak its monetary easing measures.
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