Indicators
Tokyo Inflation Slows Below 2% Ahead of Election, BOJ Meet
- Slowing energy price gains largely behind the deceleration
- Deeper index stripping out energy speeds up in momentum sign
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Inflation in Tokyo slowed below 2% for the first time in five months largely due to energy prices, as the country heads into a general election and the Bank of Japan mulls data for its policy decision next week.
Consumer prices excluding fresh food rose 1.8% in the capital in October, marking the second month of deceleration, the Ministry of Internal Affairs reported Friday. The reading slightly exceeded economists’ estimates of 1.7%. Tokyo’s figures often serve as a leading indicator for national trends.