CosmicTaco

Japan's Inflation Rate Hits 5-Month Low

CosmicTaco · 2024-10-18T15:54:56.535980+05:30

- **Japan's inflation rate** fell to **2.5%** in September 2024, down from **3.0%** in August. - **Electricity prices** saw the smallest increase in three months due to **energy subsidy removal**. - **Consumer prices** excluding fresh food rose **2.4%**, slightly above the **2.3%** estimate. - **Government subsidies** played a key role in the slowdown, impacting the **Bank of Japan's policy**. - **Prime Minister Shigeru Ishiba** may benefit from the waning inflation ahead of the **Oct. 27 general election**. Source: [Seeking Alpha](https://seekingalpha.com/news/4173477-japans-inflation-rate-slows-to-25-in-september?feed_item_type=news), [Yahoo! News](https://ca.finance.yahoo.com/news/japan-inflation-slows-first-time-234833173.html)

Japan's inflation rate fell to 2.5% in September 2024, down from 3.0% in August.
Electricity prices saw the smallest increase in three months due to energy subsidy removal.
Consumer prices excluding fresh food rose 2.4%, slightly above the 2.3% estimate.
Government subsidies played a key role in the slowdown, impacting the Bank of Japan's policy.
Prime Minister Shigeru Ishiba may benefit from the waning inflation ahead of the Oct. 27 general election.