Japan’s annual core inflation slowed to a four-year low in April as government subsidies on fuel and education helped ease price pressures, although rising energy costs linked to the Iran conflict are expected to push inflation higher again in the coming months, according to Reuters.
Data released on Friday showed Japan’s core consumer price index (CPI), which excludes volatile fresh food prices, rose 1.4% year-on-year in April compared with 1.8% in March. The reading was also below market expectations of 1.7% and marked the slowest pace of increase since March 2022.
