Inflation & Prices
Tokyo Inflation Slows as Thrifty Consumers Curb Some Outlays
- November household spending declines more than expected
- Reports give BOJ added incentive to stand pat this month
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Consumer price gains in Tokyo slowed for a second month in December, in a sign that cost-push inflation may be easing while thrifty consumers also cut back on discretionary outlays.
Consumer prices excluding fresh food rose 2.1% in the capital, decelerating from 2.3% in November, the ministry of internal affairs said Tuesday. The reading was the weakest since June 2022 and matched economists’ consensus forecast.