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MNI BRIEF: Japan Nov Tokyo Core CPI Rises 2.3% Vs. Oct 2.7%

(MNI) Tokyo
(MNI) TOKYO

The Tokyo core inflation rate decelerated to 2.3% y/y in November from October's 2.7%, the lowest level since July 2022, weighed down by lower energy and food prices, data from the Ministry of Internal Affairs and Communications showed on Tuesday.

Energy prices fell 16.7% y/y in November compared to October's 14.1% drop, while foods prices excluding perishables rose 6.4% versus 7.3% the prior month. Processed food prices, a key Bank of Japan indicator, rose 7.8%, down from October's 8.8%.

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The Tokyo core inflation rate decelerated to 2.3% y/y in November from October's 2.7%, the lowest level since July 2022, weighed down by lower energy and food prices, data from the Ministry of Internal Affairs and Communications showed on Tuesday.

Energy prices fell 16.7% y/y in November compared to October's 14.1% drop, while foods prices excluding perishables rose 6.4% versus 7.3% the prior month. Processed food prices, a key Bank of Japan indicator, rose 7.8%, down from October's 8.8%.

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