In May, the core consumer price index, which excludes volatile fresh food prices, remained unchanged over the previous month, down from the 0.2% increase recorded in April. As a result, annual core inflation also remained unchanged at 0.6% in May, which was spurred on in part due to higher commodity prices. The May figure came in slightly above market expectations of a 0.5% rise. Meanwhile, the so-called core core inflation, which also excludes energy prices, inched up from a flat reading in April to a 0.1% rise in May. Meanwhile, annual overall inflation increased 0.3% in May over the same month last year, which was slightly above market expectations of a 0.2% rise and remained unchanged from the previous month's figure.
Japan: Consumer prices remain positive in May
July 1, 2011