Japan's core inflation rate fell to its lowest since November 2024, coming in at 2.7% for August and marking a third straight month of decline.

The core inflation figure — which strips out prices of fresh food — was in line with the 2.7% expected by economists polled by Reuters.

Headline inflation in the country also dropped to 2.7%, from 3.1% in July, marking a fresh low since November 2024.

The so-called "core-core" inflation rate, which strips out prices of both fresh food and energy and is closely monitored by the Bank of Japan, was at 3.3%, down from 3.4% in July.

Rice inflation, which has contributed to a cost-of-living crisis in the country, softened significantly to 69.7%, down from July's 90.7%, but remains at historic highs.

The inflation figure comes as the Bank of Japan i

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