Japan inflation slows to under 3%

By Agence France-Presse

Oct 21, 2023 12:16 am

TOKYO: Japanese consumer inflation slowed to below 3 percent last month for the first time since August 2022 on the back of easing gas and electricity prices, government data showed on Friday.

The annual reading of 2.8 percent, excluding volatile fresh food prices, was just shy of market expectations of 2.7 percent and follows 3.1-percent rises in August and July in the world's No. 3 economy.

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