Braking Down The News

Japan Inflation Shows Early Signs of Hitting a Peak

Price rises ease slightly in June, but a weak yen and volatile oil prices continue to make situation unstable

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TOKYO—Inflation in Japan is showing tentative signs of peaking as global oil prices stabilize and consumers resist price increases.

Prices overall in Japan rose 2.4% in June from a year earlier, the government said Friday, a slight decline from the 2.5% year-over-year rise recorded in April and May. On a month-to-month basis, prices were 0.1% higher in June compared with May, a smaller rise than May’s 0.2% increase compared with April.

 

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