Japan Inflation Rate Falls to 0%
Consumer prices in Japan were flat year-on-year in September of 2015, slowing from a 0.2 percent gain in August. It is the lowest figure since May of 2013 when it was recorded at -0.3 percent, as fuel prices fell at a faster pace while food and medical care cost eased.
10/29/2015 11:53:28 PM
Year-on-year, prices of fuel, light and water charges recorded the biggest fall (-7.1 percent compared to -5.9 percent in August), followed by transportation and communication (-2.9 percent compared to -2.7 percent in August).
Food prices rose at a slower pace (2.2 percent compared to 2.7 percent in August); housing cost was flat again (0.0 percent in August), medical care inflation eased (0.6 percent compared to 0.8 percent in August) and clothes and footwear increased at the same pace (1.7 percent compared to 1.7 percent in August). In contrast, prices of culture and recreation increased more (2.2 percent compared to 1.6 percent in August).
Excluding fresh food prices, nationwide core inflation fell 0.1 percent, the same as in August while excluding food and energy cost, the inflation went up to 0.9 percent from 0.8 percent in August.
On a monthly basis, the inflation rate eased to 0.1 percent from 0.2 percent in the previous month.
In Tokyo, consumer prices went up 0.1 percent year-on-year in October, rebounding from a 0.1 percent fall in September. Core consumer prices which exclude fresh food dropped 0.2 percent, the same as in August.