Japan's Annual Inflation Rate Rises to 1.6% in December
The consumer price index for Japan in December 2013 was 100.9 (2010=100), up 0.1% from the previous month, and up 1.6% over the year.
1/31/2014 12:04:00 AM
The largest annual upward pressure came from fuel, light and water (+5.5 percent) and miscellaneous (+3.4 percent). Cost of transportation (+2.1 percent), clothes and footwear (+0.6 percent), education (+0.7 percent) and food (+2.2 percent), culture and recreation (+1.6 percent) was also up. Price decreases were reported for housing (-0.4 percent) and medical care (-0.4 percent).
Japan's core consumer prices (all items, less food (less alcoholic beverages) and energy) rose 0.7 percent from a year earlier while all items, less fresh food inflation rose 1.3 percent, accelerating to a fresh five year high.
Compared to the previous month, the prices grew 0.1 percent. The biggest gains were registered in cost of food (+0.6 percent) and culture and recreation (+0.2 percent). Prices of fuel, light and water (-0.2 percent), clothes and footwear (-0.6 percent), medical care (-0.2 percent) and furniture and household utensils (-0.2 percent) decreased.
The consumer price index for Ku-area of Tokyo in January 2014 (preliminary) was 99.2 (2010=100), down 0.4 percent from the previous month, and up 0.7 percent over the year.