The bolded measure below is closest to the US 'core' measure of inflation
CPI 0.7% y/y
- expected 0.6%, prior was 0.6%
CPI excluding Fresh Food 0.7% y/y
- expected 0.7%, prior was 0.7%
CPI excluding Food, Energy 0.3% y/y
- expected 0.3%, prior was 0.4%
A higher than estimated result for the headline measure, but its the core (bolded, often referred to as core-core in Japan) measure that is the focus. As you can see, (Eamonn inserts cut and paste form the previous billion Japan inflation reports) no where even close to the BOJ's 2% target.
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For background:
