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PC party leader attends the protest in support of fishermen | SaltWire #newsupdate #newfoundlandTOKYO - Japan's core inflation accelerated in February but an index gauging the broader price trend slowed sharply, data showed, highlighting uncertainty on how soon the central bank will hike interest rates again.
The core consumer price index , which excludes fresh foods but includes energy items, rose 2.8% in February from a year earlier, government data showed, matching median market forecasts. But inflation as measured by an index stripping away the effect of fuel, closely watched by the BOJ as an indicator of broader price trends, moderated to 3.2% in February from 3.5% in January, marking the slowest annual pace since January 2023.
The central bank has described its decision to end negative rates on Tuesday as driven by signs that robust demand and prospects of higher wages were prodding firms to keep hiking prices not just for goods but services.
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