Japan's annual inflation rate declined to 3.6 percent in June of 2014 from 3.7 percent in May, slightly easing the effect of sales tax hike in April.
Year-on-year, cost of fuel, light and water charges eased to 8.1 percent in June, following a 8.9 percent increase in May. Cost of furniture and household utensils rose 5.1 percent after gaining 5.4 percent in May. Food prices also increased 5.1 percent following a 5.3 percent rise in the previous month.
In the Tokyo region, core inflation rate rose by an annual 2.8 percent in July, the same rate recorded in June, while the nationwide core inflation slowed to 3.3 percent in June from 3.4 percent in May.
On a monthly basis, Japan inflation rate fell 0.1 percent from a 0.4 percent gain in May.
7/25/2014 11:17:22 AM