Japan: Decline in core prices softens in December
January 27, 2017
In December, the core consumer price index decreased 0.2% compared to the previous month, which followed November’s flat reading. The print mainly reflected lower prices for food, clothing and footwear.
Core prices were down 0.2% from the same month of 2015 in December, which followed November’s 0.4% drop and was a smaller drop than the 0.3% expected by market analysts. Overall inflation came in at 0.3% in December, below November’s 0.5%.
Core prices for Tokyo—available one month in advance of the national figures and thus a leading indicator for countrywide inflation—fell 0.3% in January from the same month last year (December: -0.6% year-on-year).