Japan's Annual Inflation Rate Up 1.1% in October


The consumer price index for Japan in October 2013 was 100.7(2010=100), up 0.1% from the previous month, and up 1.1% over the year. The speed up was mostly driven by high costs of oil imports.


The largest annual upward pressure came from fuel, light and water charges, up 5.7 percent. Transportation (1.7 percent), clothes and footwear (0.6 percent), education (0.7 percent) and food prices (1.9 percent) were also up. Price decreases were reported for furniture and household utensils (-0.9 percent), housing (-0.4 percent) and medical care (-0.5 percent).

Japan's core consumer prices rose 0.9 percent in October from a year earlier, hitting a fresh five-year high.

Compared to the previous month, the biggest gains were registered in cost of miscellaneous (2.3 percent), clothes and footwear (0.3 percent), fuel, light and water charges (0.1 percent), furniture and household utensils (0.6 percent) and culture and recreation (o.4 percent).  Prices of food and transportation and communication decreased.

The consumer price index for Ku-area of Tokyo in November 2013(preliminary) was 99.6(2010=100), the same level as the previous month, and up 0.9% over the year.

Japan


Statistics Bureau of Japan | anna@tradingeconomics.com
11/29/2013 12:00:20 AM