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November 22, 2024JAPAN CPI INFLATION, OCTOBER 2024 
Japan’s inflation (all items, year-over-year growth in consumer price index) slowed to to 2.2% in October 2024. Japan's underlying inflation (all items excluding fresh food and energy) accelerated to 2.2%.
Japan's energy prices were up 2.3% in October 2024 compared with October 2023. Japan's food inflation rate was unchanged at 3.5% over this period.
Japan's inflation was highest at the end of 2022 and the beginning of 2023, but was lower than inflation in Canada. With Canada's and Nova Scotia's inflation rates decelerating faster in 2024, inflation is now higher in Japan.
Sources: Japan Statistics Bureau - Consumer Price Index; Statistics Canada. Table 18-10-0004-01 Consumer Price Index, monthly, not seasonally adjusted; Table 18-10-0005-01 Consumer Price Index, annual average, not seasonally adjusted
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