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Japan's core inflation cools in June as expected, easing from 29-month high

JAPAN, JUL 17 – Core inflation fell to 3.3% in June as food price pressures eased, especially rice prices that surged due to poor 2023 harvests, the Bank of Japan reported.

  • Japan's core inflation cooled to 3.3% in June, easing from a 29-month high of 3.7% as food inflation showed signs of easing.
  • Japan's first-quarter gross domestic product declined for the first time in a year, falling 0.2% quarter over quarter in the three months ended March as exports fell sharply.
  • Rice prices, which have seen their fastest rate of increase in over half a century in May, saw a slight easing to a 100.2% increase year over year, compared to the 101.7% jump in May.
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NBC LA broke the news in Los Angeles, United States on Thursday, July 17, 2025.
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