Japan's core consumer inflation likely re-accelerated in April, a Reuters poll of 19 economists showed, as a flurry of retail price hikes offset the effect of the government's energy subsidies.
Japan's core consumer price index , which excludes fresh food but includes energy items, likely grew 3.4% in April from a year earlier, the poll showed. The pace would step up from 3.1% seen in both March and February, and mark the fastest growth since a 41-year-high of 4.2% logged in January.
The "core-core" inflation figure, which excludes both fresh food and energy items, likely reached 4% or more, SMBC Nikko Securities analysts wrote in a note. The government will release CPI data at 08:30 a.m. on May 19 . Wholesale inflation data is due at 08:50 a.m. on May 15 .
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