Japan: Core consumer prices post biggest drop since September 2010 in November
December 18, 2020
Core consumer prices fell 0.10% over the previous month in November, a smaller decrease than the 0.30% fall logged in October.
Core consumer prices—which exclude fresh food—fell 0.9% year-on-year in November, a steeper drop that October’s 0.7% decrease. November's figure represented the largest fall in prices since September 2010. The annual average variation of core consumer prices fell to minus 1.0% in November (October: -0.7%). Lastly, consumer prices for all items fell 0.9% on an annual basis in November, which was a sharper fall compared to October's 0.4% decrease.