Japan's Core Inflation Rate Slows To 3% In Feburary

Government subsidies for electricity and gas fees contributed to the easing in the pace of inflation (Credit: AFP)

Japan's core inflation rate decelerated in February, government data showed Friday, with prices excluding fresh food rising 3.0 percent year-on-year in the world's fourth-largest economy.

The core Consumer Price Index (CPI) slowed from 3.2 percent in January, remaining above the Bank of Japan's two-percent target which has been exceeded every month since April 2022.