Core Inflation Measurement Rises in Japan

According to the core inflation measurement calculated by the Bank of Japan (BoJ), based on the consumer price data announced by the government, there was a recovery in November from the lowest level seen in the last 30 months. The core inflation measurement, obtained by removing temporary distortions from actual movements observed in consumer prices, rose from 1.5% in the previous month to 1.7% in November. This core inflation measurement comprehensively examines various core inflation indicators rather than focusing on a specific core indicator, allowing for a more accurate identification of price movement trends. In the data released last week for November in Japan, consumer prices excluding food reached a seven-month high of 2.7%.