Japan: Core inflation stabilizes in August
September 28, 2018
The core consumer price index rose 0.3% in month-on-month seasonally-adjusted terms in August, above July’s 0.1% increase.
Core inflation inched up from July’s 0.8% to 0.9% in August, which matched a median market forecast. Therefore, inflation remains well below the Bank of Japan’s inflation target of 2.0%. Overall inflation rose from July’s 0.9% to 1.3% in August, marking a six-month high.
Core inflation in the Ku-area of Tokyo—available one month in advance of the national figures and thus a leading indicator for countrywide inflation—rose from 0.9% in August to 1.0% in September.