Moody's Analytics stated in a report that Japan's core consumer prices likely rose 1.6% year-on-year in March, matching the increase seen in February. The agency noted that inflation moderated in the first quarter, partly due to the government reinstating support for household energy bills and a broader easing of price pressures. However, the agency added that with the conflict in the Middle East driving commodity prices significantly higher, consumer price growth is expected to begin accelerating again starting in April. The inflation data is scheduled for release on Friday.
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