Inflation picked up in February due to another jump in utilities inflation and a strong rise in fresh food inflation. We think headline inflation will rise above 2% in April as some of the spike in energy prices due to the war in Ukraine comes through and most of the hit from mobile phone tariff cuts drops out of the annual comparison.
Bank of Japan Drop-In (18 March, 16:00 SGT/08:00 GMT): What will the BoJ do if/when Japan’s CPI hits 2%? Join our Japan and Markets economists after the BoJ’s March meeting for a discussion about the inflation outlook, the policy response and what it all means for market. Register here.
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