BOJ New Inflation Gauge Shows 2.2 Percent Rise in February
The Bank of Japan released a new price gauge showing core inflation rose 2.2% in February. The data strips out special factors to track underlying price moves.
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The Bank of Japan has introduced a new inflation metric designed to provide a clearer picture of underlying price trends in Japan. According to data released on Thursday, the core consumer price index (CPI) rose by 2.2% in February when excluding special factors. This figure is notably higher than the 1.6% benchmark core CPI recently reported by the internal affairs ministry.
