Japan's Core Inflation Measurement Falls to Lowest Level in 30 Months

Forex - The core inflation measurement calculated by the Bank of Japan (BoJ), based on the consumer price data announced by the government, fell to its lowest level in the last 30 months in October. The core inflation measurement, which removes temporary distortions from the actual movements observed in consumer prices, decreased from 1.7% in the previous month to 1.5% in October. This marks the lowest level since 1.4% in April 2022. The core inflation measurement comprehensively examines various core inflation indicators rather than relying on a single core inflation indicator, allowing for a more accurate detection of price movement trends. In the data for October released last week in Japan, consumer prices excluding food dropped from 2.4% to 2.3%.