Annual inflation in Japan slowed down to 0.8% in May

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In Japan, in May, a slowdown in annual inflation was recorded, which does not take into account the price of fresh food, to 0.8% from 0.9% in the previous month. This was reported by the Ministry of Internal Affairs and Communications of Japan. May's figure confirmed the forecasts of economists. Utilities went up by 3.2% last month, their cost growth slowed down compared to April's increase by 4.4%. The rise in consumer prices, which do not take into account energy and food, was recorded at 0.5% after the April rise of 0.6%. Economists had expected April growth to continue in May. The overall inflation rate in the country was at the level of 0.7%, which coincided with market estimates. A month earlier, the figure was 0.9%.

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