Japan's annual CPI at 2.8% in November, lowest in 17 months - Breaking The News

Japan's annual CPI at 2.8% in November, lowest in 17 months

21 December

1 min read

EPA-EFE/FRANCK ROBICHON

The annual inflation in Japan came in at 2.8% in November, going down from 3.3% registered in October, and matching expectations, the Statistics Bureau revealed in its report. The figure marked the lowest inflation pace since July 2022 when it landed at 2.6%.

The Consumer Price Index (CPI) excluding fresh food decreased to land at 2.5% year-on-year. The month before, the figure stood at 2.9%.

Excluding food and energy, the index was 3.8%, a slight slowdown compared to October's 4.0%.

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