Japan: Core prices in October decline for third consecutive month
November 27, 2015
In October, the core consumer price index, which excludes volatile fresh food prices, rose 0.1% compared to the previous month, which was slightly above the flat reading tallied in September. The print mainly reflected a sizeable increase in prices for clothes and footwear as well as for furniture and household utensils.
Core prices fell 0.1% annually in October, which was unchanged from the reading tallied in August and September. The print was in line with the result predicted by market analysts. Overall inflation in October rose from 0.0% in September to 0.3%, hitting a four-month high.
Core prices for Tokyo—available one month in advance of the national figures and thus a leading indicator for countrywide inflation—were flat in November over the same month last year (October: -0.2% year-on-year), which contrasted the 0.1% fall that market analysts’ had expected.