Japan CPI Falls for 3rd Month

Consumer prices in Japan dropped by 0.4 percent year-on-year in May of 2016, compared to a 0.3 percent fall in April and matching market expectations. It was the third straight month of decline as prices of food eased while cost of housing and transport declined.
Statistics Bureau of Japan l Rida Husna | rida@tradingeconomics.com 7/1/2016 1:10:44 AM
Year-on-year, cost declined for: housing (-0.1 percent in May from remaining unchanged in April); fuel, light and water charges (-9.0 percent from -9.1 percent) and transport and communication (-2.7 percent from -2.5 percent). In contrast, prices rose for: food (+0.9 percent from +1.3 percent), furniture and household utensils (+0.4 percent from +0.1 percent), clothes and footwear (+2.2 percent from +2.3 percent), medical care (+0.5 percent from +0.6 percent), education (+1.4 percent from +1.4 percent), culture and recreation (+2.0 percent from +2.1 percent) and miscellaneous goods and services (+1.0 percent from +1.1 percent).

Core consumer prices fell by 0.4 percent from a year earlier in May, following a 0.3 percent decline in April and in line with market consensus. The so-called core-core consumer prices, which excludes food and energy prices rose 0.6 percent year-on-year, compared to a 0.7 percent rise in April. 

On a monthly basis, consumer prices rose 0.1 percent, compared to a 0.2 percent increase in the previous month.

In Tokyo, consumer prices dropped by 0.5 percent year-on-year in June, the same as in May. Core consumer prices, which exclude fresh food, fell 0.5 percent from a year earlier, following a 0.5 percent drop in the preceding month.

Japan CPI Falls for 3rd Month