Japan's core inflation accelerated more than expected to a more than two-year high in May but headline inflation softened slightly, official data showed Friday.
Core inflation that excludes prices of fresh food rose to 3.7 percent from 3.5 percent in April, the Ministry of Internal Affairs and Communications reported. This was the fastest since January 2023. Inflation was seen at 3.6 percent.
Similarly, inflation excluding fresh food and energy, accelerated to 3.3 percent from 3.0 percent in the previous month. Meanwhile, headline inflation softened to 3.5 percent in May from 3.6 percent in April.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.