Japan inflation slows in August, rice price surges ease

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Inflation in Japan slowed to 2.7 percent in August due partly to government energy subsidies, official data showed Friday, with the cost of rice easing following a huge price spike. Abhijit Surya of Capital Economics said the main factor behind the fall in inflation was “a deepening of energy price deflation… due to the resumption of electricity and gas subsidies”.

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