Japanese Annual Inflation Highest in Over a Year


In June, Japan's consumer prices rose for the first time in over a year to 0.3 percent. The rise in inflation was largely due to an increase in electricity bills and a weak yen that inflated the cost of gasoline imports.

In June, fuel, light and water charges increased the most (5.7 percent), followed by transportation (1.8 percent) and education (0.5 percent). Price decreases were reported for furniture and household utensils (-2.4 percent), culture and recreation (-1.2 percent), food (-0.9 percent), housing (-0.5 percent) and medical care (-0.6 percent). 

Compared to the previous month, prices of furniture and household utensils, food, clothes and footwear decreased. The biggest gains were registered for fuel, light and water charges (1.0 percent) and medical care (0.1 percent).

In June, core inflation which excludes both food and energy, was down 0.2 percent on year and down 0.1 percent compared to May.

Japanese Annual Inflation Highest in Over a Year


Nuno Fontes | nuno@tradingeconomics.com
7/26/2013 3:24:11 PM