Japan: Core prices rebound in November
December 25, 2015
In November, the core consumer price index, which excludes volatile fresh food prices, was flat compared to the previous month. The print, which was slightly below the 0.1% increase tallied in October, mainly reflected that a sizeable increase in prices for clothes and footwear was compensated by lower prices in most of the remaining categories.
Core prices rose 0.1% annually in November, which contrasted the 0.1% decrease tallied in October. The print was slightly up from the flat reading predicted by market analysts. Overall inflation in November stabilized at October’s 0.3%.
Core prices for Tokyo—available one month in advance of the national figures and thus a leading indicator for countrywide inflation—were up 0.1% in December over the same month last year (November: 0.0% year-on-year).