Japan’s headline National Consumer Price Index (CPI) held steady and came in at the 2.8% YoY rate for June. Meanwhile, Core CPI inflation – or headline CPI inflation less volatile food prices – rose by 2.6% during the reported period versus the previous 2.5% and consensus estimates for a reading of 2.7%.
Furthermore, Core-core Japanese CPI – or CPI inflation less both food and energy prices – ticks higher in June and grew 2.2% YoY rate from the previous 2.1%.
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