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Japan’s Core Inflation Eases to 3.3% in June Amid Persistent Price Pressures
Japan’s Core Inflation Eases to 3.3% in June Amid Persistent Price Pressures
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Japan’s Core inflation rate, which excludes volatile fresh food prices, decelerated to 3.3% in June, aligning with economist forecasts. The headline inflation rate also dipped slightly to 3.3%, marking the 39th consecutive month above the Bank of Japan’s 2% target. A more telling metric—the "core-core" inflation rate excluding both food and energy—edged up to 3.4%, signaling entrenched price pressures.
Rice prices, a key inflation driver, showed tentative signs of stabilization after the government released stockpiles to curb speculation. Year-on-year increases slowed to 100.2% in June from May’s 50-year high of 101.7%. Despite the moderation, living costs remain elevated, squeezing household budgets.
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