Japan: Core inflation falls to seven-month low in October
November 28, 2014
In October, the core consumer price index, which excludes volatile fresh food prices, rose 0.1% over the previous month. The print, which was a notch above the flat reading observed in September, mainly reflected higher prices for clothes and footwear as well as for culture and recreation.
Annual core inflation inched down from the previous month’s 3.0% to 2.9% in October. The print was in line with market expectations and represented the lowest rate since March of this year. Overall inflation declined from 3.2% in September to 2.9% in October.
Core inflation for Tokyo—available one month in advance of the national figures and thus a leading indicator for countrywide inflation—inched down from 2.5% in October to 2.4% in November, which matched the result that market analysts had expected.