Japan Inflation Rate Rises to 0.3% in October


Consumer prices in Japan rose by 0.3 percent year-on-year in October of 2015, after showing no growth in the previous month and beating market expectations. It was the highest figure in four months, as food cost rose further while prices of fuel dropped at a slower pace.

Year-on-year, cost of food rose at a faster 3.4 percent, compared to 2.2 percent growth in September. While prices of fuel, light and water charges dropped by 7 percent, slowing from a 7.1 percent fall in the previous month.

Additional upward pressure came from: culture and recreation (+2 percent); furniture and household utensils (+1.9 percent); clothes and footwear (+1.7 percent); education (+1.5 percent); and miscellaneous goods and services (+0.7 percent). By contrast, prices of transportation and communication continued to push the inflation down, falling by 3.3 percent.

Excluding fresh food items, consumer prices fell 0.1 percent, the same as in September while excluding food and energy, prices rose by 0.7 percent, after increasing by 0.9 percent in the previous month.

On a monthly basis, consumer prices declined slightly by 0.1 percent following a 0.1 percent growth in September.

In Tokyo, consumer prices went up by 0.2 percent year-on-year in November. Core consumer prices which exclude fresh food remained unchanged.

Japan Inflation Rate Rises to 0.3% in October


Statistics Bureau | Joana Ferreira | joana.ferreira@tradingeconomics.com
11/27/2015 12:42:35 AM