Japan Annual Inflation Rate Down to -0.9% in March


The consumer price index for Japan in March 2013 was 99.4 (2010=100), up 0.2 percent from the previous month, and down 0.9 percent over the year.

Core inflation in Japan was down 0.8 percent on year in March. On month, core inflation reached 0.3 percent.

In March, compared to the previous year, the biggest decreases were reported for prices of Furniture and household utensils (-3.3%), Culture and recreation (-2.7%) and Food (-2.4%). Fuel, light and water charges increased the most (2.3%), followed by Education (0.4%).

In March, compared to the previous month, only prices of food decreased (-0.5%). The biggest gains were registered for Clothes and footwear (3.7%) and Culture and Recreation (0.8%).

The consumer price index for Ku-area of Tokyo in April 2013 (preliminary) was 98.8 (2010=100), up 0.3 percent from the previous month, and down 0.7 percent over the year.

The Bank of Japan expects the country's inflation rate to reach 1.9 percent in fiscal 2015, almost achieving its 2 percent price target in about two years, backed by its aggressive monetary easing policy to beat deflation.

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5/7/2013 3:45:51 PM