In November, prices of food declined by 0.1 percent year-on-year, much slower than a 1.3 percent fall in October, namely, fresh food (-6.1 percent from -12.1 percent), fish and seafood (4.7 percent from 5.3 percent) and fresh fruits (-5.3 percent from -5.4 percent). Also, prices fell less for dairy product and eggs (-0.4 percent from -0.5 percent).
Meanwhile, prices increased more for: transport & communication (0.8 percent, after being flat in a month earlier) and miscellaneous (0.5 percent from 0.2 percent). In addition, cost rebounded for culture and recreation (0.3 percent from -0.1 percent). At the same time, inflation was steady for: medical care (at 1.6 percent) and education (at 0.4 percent). Meantime, cost went up less for fuel, light and water charges (5.9 percent from 6.2 percent), as cost of of electricity went up at a slower 7.3 percent (from 7.9 percent in the prior two months).
On the other hand, cost continued to fall for: housing (-0.1 percent from -0.1 percent); furniture and household utensils (-0.5 percent from -0.3 percent) and clothes and footwear (-0.3 percent from -0.1 percent).
Core consumer prices, which exclude fresh food, rose 0.9 percent from a year earlier, after a 0.8 percent rise in October while markets expected 0.8 percent. It was the highest figure since March of 2015.
On a monthly basis, consumer prices went up 0.7 percent, compared to a flat reading in the preceding two months. It was the highest monthly figure since April 2014.
In Tokyo, consumer prices rose 1.0 percent year-on-year in December 2016 while markets estimated a 0.6 percent rise. Core consumer prices, which exclude fresh food went up by 0.8 percent and slightly above expectations of a 0.7 percent gain.