Japan's inflation rate stalls in February


(MENAFN) Data showed that Japanese inflation has stopped in February with a key measure of prices flat for the first time in two years, driven by a fall in oil rates, Arab News reported.

While core inflation, excluding volatile fresh food prices, rose 2 percent in February, a measure that strips out the impact of a sales tax rise last year came in flat from a year ago.

The reading was far short of the bank's goal of sustained 2 percent inflation and marks the first month of zero growth since May 2013, just after Tokyo launched a bid to kick start the economy.


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