Japan inflation slows more than expected in April
Japan’s inflation slowed more than expected in April, government data showed on May 22, as Prime Minister Sanae Takaichi considers further measures to drive down costs linked to the Middle East war.
The year-on-year rise in “core” consumer prices, which excludes volatile fresh food, eased to 1.4 percent from 1.8 percent in March.
The figure was lower than market expectations of 1.7 percent, but analysts warn inflation will likely pick up in the coming months.
April consumer prices slowed partly thanks to expanded subsidies for high school tuition and a slowdown in price rises of some foods such as rice, according to the internal affairs ministry.
