Japan inflation unchanged in May after BoJ rate hike
Japan’s core inflation was unchanged in May from April, government data showed on June 19, days after the central bank hiked rates to a 31-year high in the wake of the Middle East war.
The year-on-year rise in “core” consumer prices of 1.4 percent, which excludes fresh food, was in line with market expectations.
Excluding energy as well as fresh food, the reading was 1.8 percent, down from to 1.9 percent in April and in line with market forecasts.
Unadjusted, inflation was 1.5 percent, down from 1.4 percent and also meeting forecasts.
