May 24, 2024 01:05 GMT
Japan Apr Core CPI +2.2% Y/Y; Energy Price Improves
JAPAN DATA
MNI (Singapore)
- Japan's national average core consumer price index (excluding fresh food) rose 2.2% from the year earlier in April, decelerating from the growth of 2.6% marked in March.
- Energy rose 0.1% y/y, improving from the previous 0.6% y/y drop.
- The underlying inflation rate measured by the core-core CPI (excluding fresh food and energy) increased 2.4% y/y, slowing down from the 2.9% growth last month.
- Prices for ex-perishables rose 3.5% y/y, lower than the 4.6% y/y increase in March.
- Prices for household spending rose 0.5% y/y, decelerating from the 1.9% y/y growth reported last month, and prices for accommodation increase 18.8% y/y, down from the previous 27.7% rise.
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