Japan: Consumer prices remain positive in May
July 1, 2011
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.