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UBS On-Air: Paul Donovan Daily Audio 'Disinflation (not in the US)'
Published 6 months, 3 weeks ago
Description
Japan exhibited some disinflation with the June Tokyo consumer price data. Using the international definition of core inflation, the rate slowed to 1.8% y/y. A lot of the headline inflation seems to be driven by non-fresh food, perhaps suggesting relative price shifts rather than strong, broad inflation momentum.