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Watch onTOKYO - Japan's core inflation likely stayed above the central bank's 2% target for an 18th straight month in September, although consumer prices probably rose at their slowest in more than a year, a Reuters poll showed.
The nationwide core consumer price index , which strips off volatile fresh food items, likely rose 2.7% in September from the same month last year, according to the median estimate of 17 economists, slowing from a 3.1% rise in August. Lower utility costs thanks to soft fuel prices likely curbed the core inflation rate, which includes energy items, analysts say.
While the government is set to extend energy subsidies until March 2024, prices have been rising for a wide range of food and consumer goods, underscoring the non-transitory inflation taking hold in the world's third-largest economy.
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