Japan Consumer Prices Unchanged in January

Japan's consumer prices were unchanged in January of 2016 from a year earlier following a 0.2 percent growth in the previous month, in line with market expectations. Cost of food grew at a slower pace while prices of energy and transportation dropped further.
Statistics Bureau of Japan l Joana Ferreira | joana.ferreira@tradingeconomics.com 2/26/2016 12:04:00 AM
Year-on-year, cost of food rose at a slower 1.7 percent, compared to a 2.4 percent growth in December. While prices of fuel, light and water charges dropped 6.7 percent and cost of transportation and communication fell 2.4 percent.

Additional upward pressure came from: culture and recreation (+1.9 percent); clothes and footwear (+1.7 percent); education (+1.4 percent); furniture and household utensils (+1 percent); miscellaneous goods and services (+0.7 percent); and medical care (+0.6 percent). By contrast, cost of housing fell slightly by 0.1 percent.

Excluding fresh food items, consumer prices were flat while excluding food and energy prices rose by 0.7 percent.

On a monthly basis, consumer prices declined further by 0.4 percent compared to a 0.1 percent drop in December.

In Tokyo, consumer prices rose by 0.1 percent year-on-year in January. Core consumer prices which exclude fresh food fell 0.1 percent.

Japan Consumer Prices Unchanged in January