Japan Annual Inflation Rate Eases Further in October

Nationwide consumer prices in Japan rose 2.9 percent in October from a year ago, the lowest rate since April when the increase in sales tax took place.

Year-on-year, the biggest price increases were reported for: fuel, light and water (+4.8 percent); culture and recreation (+4.6 percent); ; furniture and household utensils (+3.9 percent); food (+3.8 percent); transportation and communication (+3.2 percent); clothes and footwear (+3.1 percent) and education (+2.2 percent). Cost of housing grew only 0.2 percent.

Core consumer prices rose 2.9 percent from a year earlier, easing further from a 3 percent increase reported in the previous month. The so-called core-core inflation index, which excludes food and energy prices rose 2.2 percent, down from 2.3 percent reported in September.

Month-on-month, consumer prices declined 0.3 percent as compared to 0.2 percent rise in September. 

The consumer price index for Ku-area of Tokyo in November 2014 (preliminary) was 101.8 (2010=100), down 0.4 percent from the previous month, and up 2.1 percent over the year.

Japan Annual Inflation Rate Eases Further in October

Statistics Bureau Japan | anna@tradingeconomics.com
11/28/2014 12:24:10 AM