— Japan Nov Core CPI -0.2% Vs MNI Median Forecast -0.2%
— Central Tokyo Dec CPI -0.3% Y/Y Vs Nov -0.5%
— Japan Nov CPI Energy Costs +6.7% Y/Y Vs Oct +6.1%
TOKYO (MNI) – Japan’s core consumer prices fell 0.2% in November,
posting the second straight month of year-on-year drop, as the global
economic slowdown threatens the price outlook in the world’s
third-largest economy, data released Wednesday by the Ministry of
Internal Affairs and Communications showed.
The November core reading matched the median economist forecast for
-0.2% in a Market News International survey. It followed a 0.1% decline
in October.
In July, Japan’s core CPI, which excludes perishables but includes
energy, posted the first year-on-year gain since December 2008.
Total national CPI fell 0.5% on-year in November after falling 0.2%
in October, marking the second straight fall.
Overall energy costs in November rose 6.7% from a year earlier
following rises of 6.1% in October and 6.4% in September.
National CPI excluding food and energy, or the U.S.-style core CPI,
fell 1.1% in November following a 1.0% drop in October.
Meanwhile, central Tokyo core CPI slumped 0.3% year-on-year in
December following a 0.5% decline in the previous month.
CPI figures date to 1970 under the 2010 base year.
tokyo@marketnews.com
** Market News International Tokyo Newsroom: 81-3-5403-4835 **
[TOPICS: M$J$$$,M$A$$$,MAJDS$,MT$$$$]
