Japan: Core inflation rises to two-year high in April
May 26, 2017
In April, the core consumer price index in Japan was flat from the previous month in seasonally-adjusted terms, matching the result in the previous two months. April’s reading reflected that higher prices for goods were offset by a decline in prices for semi-durable goods.
Core inflation rose from March’s 0.2% to 0.3% in April. The print undershot the 0.4% that market analysts had expected and represented the highest rate since April 2015. Overall inflation came in at 0.4% in April, above March’s 0.2%.
Core prices for Tokyo—available one month in advance of the national figures and thus a leading indicator for countrywide inflation—rose 0.1% in May from the same month last year (April: -0.1% year-on-year).