TOKYO : Core consumer prices in Japan's capital, a leading indicator of nationwide trends, rose 3.3 per cent in February from a year earlier, slowing sharply from a nearly 42-year peak hit last month in a sign the boost from rising raw material costs may be ebbing.
It followed a 4.3 per cent increase in January, which was the fastest year-on-year increase since May 1981, government data showed on Friday. An index for Tokyo excluding both fuel and fresh food costs,which is closely watched by the BOJ as a gauge of price pressures driven by domestic demand, was 3.2 per cent higher in February than a year earlier, picking up from January's 3.0 per cent rise.
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