National inflation in Japan slows down in September but exceeds expectations.

The Statistics Bureau of Japan released national inflation data for the month of September earlier on Friday (Japan time), showing that both the overall national inflation rate and the core inflation rate continued. According to the reported data, the growth of the Consumer Price Index (CPI) in Japan increased during September, recording an annual growth rate of 2.5%. The previous reading for August was 3.0%. At the same time, the growth of the core national inflation index in Japan - which excludes fresh food prices - slowed down, registering an annual growth rate of 2.4%. This was higher than market expectations, which anticipated a slowdown to 2.3%. The previous reading showed that core national inflation was at 2.8% in August. Additionally, the growth of the core national inflation index in Japan - which excludes food and energy prices - increased to 2.1% in September, after the national consumer price index recorded a growth of 2.0% in August. It is important to note that the core national consumer price index measures the change in prices of goods and services purchased by consumers in Japan on an annual basis, excluding fresh food prices. It is also worth mentioning that this index is released monthly and holds significant importance.