Japan: Core inflation stabilizes in March
April 28, 2017
In March, Japan's core consumer price index was flat from the previous month, matching February’s result. The print mainly reflected that lower prices for furniture and household utensils and food were offset by higher prices for clothes and footwear, culture and recreation and fuel, light and water charges.
Core inflation rose was stable at last month’s 0.2% in March. The print matched market analysts’ expectations. Overall inflation came in at 0.2% in March, below February’s 0.4%.
Core prices for Tokyo—available one month in advance of the national figures and thus a leading indicator for countrywide inflation—fell 0.1% in April from the same month last year (March: -0.4% year-on-year).