Japanese Inflation Rate Levells Off in January

Japan's consumer price index increased 1.4 percent on a year in January, down from 1.6 percent reported a month earlier. The cost of energy, transportation and food increased the most while prices of housing and medical care decreased.

On a year, the biggest price increases were reported for fuel, light and water charges (+5.6 percent), miscellaneous (+3 percent), transportation and communication (+2 percent) and food (+1.3 percent). Cost of housing (-0.3 percent) and medical care (-0.4 percent) decreased.

Compared to December, consumer prices decreased by 0.2 percent as cost of clothes and footwear and culture and recreation declined by 5.6 percent and 1.2 percent respectively. On a month, prices of food rose the most (0.6 percent).

Japan's core consumer prices which excludes fresh food prices but includes oil products rose 1.3 percent over a year in January, marking an eighth straight month of gains. It followed a 1.3 percent year-on-year gain in December, which was the fastest rise since 1.9 percent in October 2008.
The so-called core-core inflation index, which excludes food and energy prices rose 0.7 percent in the year to January. It followed a 0.7 percent gain in December.

The consumer price index for Ku-area of Tokyo in February 2014 (preliminary) was 99.3 (2010=100), the same level as the previous month, and up 1.1% over the year.

Japanese Inflation Rate Levells Off in January

Ministry of Finance, Japan | anna@tradingeconomics.com
2/28/2014 12:38:43 AM