Japan's Annual Inflation Rate Rises to Five Year High in November


The consumer price index for Japan in November 2013 was 100.8(2010=100), up 1.5% over the year and the highest since October of 2008.


Like in the previous month, the largest annual upward pressure came from fuel, light and water charges, up 5.7 percent and miscellaneous (3.3 percent). Cost of transportation (2.3 percent), clothes and footwear (0.6 percent), education (0.7 percent) and food (1.9 percent) was also up. Price decreases were reported for furniture and household utensils (-0.2 percent), housing (-0.4 percent) and medical care (-0.5 percent).

Japan's core consumer prices (all items, less food (less alcoholic beverages) and energy) rose 0.6 percent from a year earlier while all items, less fresh food inflation rose 1.2 percent, accelerating to a fresh five year high.

Compared to the previous month, the prices remained unchanged. The biggest gains were registered in cost of food (0.3 percent) and clothes and footwear (0.2 percent). Prices of fuel, light and water (-0.3 percent) and culture and recreation (-0.2 percent) decreased.

The consumer price index for Ku-area of Tokyo in December 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
12/27/2013 12:23:02 AM