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Japan Inflation December 2018

Japan: Core inflation falls to seven-month low in December

The core consumer price index fell 0.1% in month-on-month seasonally-adjusted terms in December, contrasting November’s flat reading.

Core inflation fell from November’s 0.9% to 0.7% in December, the lowest reading in seven months. The decline mostly reflected December’s drop in oil prices and undershot the 0.8% that market analysts had expected. Therefore, inflation remained well below the Bank of Japan’s inflation target of 2.0%. Overall inflation declined from November’s 0.8% to an over two-year low of 0.3% in December.

Core inflation in the Ku-area of Tokyo inched down from November’s 1.0% to 0.9% in December. Data for January will be released on 25 January.

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