Japan: Core inflation stable in October
The core consumer price index rose 0.2% in month-on-month seasonally-adjusted terms in October, above September’s 0.1% increase.
Core inflation was stable at September’s 1.0% in October, matching a median market forecast. Nevertheless, inflation remained well below the Bank of Japan’s inflation target of 2.0%. Overall inflation rose from September’s 1.2% to an eight-month high of 1.4% in October.
Core inflation in the Ku-area of Tokyo was stable at September’s 1.0% in October. Data for November will be released on 30 November.