Japan: Decline in core prices softens in October
November 25, 2016
In October, the core consumer price index increased 0.2% compared to the previous month, which was above September’s flat reading. The print mainly reflected higher prices for food, furniture and household utensils as well as for culture and recreation.
Core prices were down 0.4% from the same month last year in October, which was up from September’s 0.5% drop and in line with market analysts’ expectations. Overall consumer prices rose 0.1% in October, contrasting September’s 0.5% decline.
Core prices for Tokyo—available one month in advance of the national figures and thus a leading indicator for countrywide inflation—fell 0.4% in November from the same month last year (October: -0.4% year-on-year).