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May 01, 2017JAPAN CPI INFLATION, MARCH 2017 
Inflation in Japan continues to be modest, standing at 0.2 per cent in the 12 months up to March. This is the same pace of inflation as observed in February. Excluding food and energy, Japanese prices are declining, with the underlying index down 0.3 per cent on a year-over-year basis in March, after a 0.1 per cent decline in February.
As oil prices have recovered from the lows of early 2016, energy inflation is rising again - up 3.9 per cent compared with March 2016. Food price inflation continues to slow, reaching 0.6 per cent over the same period.
Japanese inflation has been persistently below inflation reported in Canada and Nova Scotia for much of the last two years. Stabilizing energy prices are a global phenomenon and with it, inflation is returning across many advanced economies. However, Japan's inflation remains lower than the growth of the CPI in either Canada or Nova Scotia.
Japan Statistics Bureau - Consumer Price Index
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