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<JP> Tokyo March Core Inflation Excluding Fresh Food Rises 1.7% YoY, Lowest in Nearly Two Years
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Tokyo's core inflation excluding fresh food rose by 1.7% year-on-year in March, marking the smallest increase since April 2024. The market had originally expected an increase of 1.8%. Part of the slowdown in growth is attributed to the rise in processed food costs slowing from 5.5% a month ago to 4.9%.

Overall inflation in Tokyo slowed from a revised 1.5% in February to 1.4%, while inflation excluding energy prices slowed from 2.5% in February to 2.3%. (mn/w)

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