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Japan Jan CPI +2.0% Y/Y; Energy Price Dip Further

JAPAN DATA
MNI (Singapore)
  • Japan's national average core consumer price index (excluding fresh food) rose 2.0% from the year earlier in January, slower from the growth of 2.3% marked in December, marking the third monthly fall.
  • Energy fell 12.1% y/y, expanding from the previous 11.6% y/y drop.
  • The underlying inflation rate measured by the core-core CPI (excluding fresh food and energy) increased 3.5% y/y, slowing down from the 3.8% growth last month.
  • Prices for ex-perishables rose 5.9% y/y, lower than the 6.2% y/y increase in December.
  • Prices for household spending rose 4.7% y/y, decelerating from the 4.0% y/y growth reported last month, and prices for accommodation increase 26.9% y/y, easing from the previous 59.0% jump.
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  • Japan's national average core consumer price index (excluding fresh food) rose 2.0% from the year earlier in January, slower from the growth of 2.3% marked in December, marking the third monthly fall.
  • Energy fell 12.1% y/y, expanding from the previous 11.6% y/y drop.
  • The underlying inflation rate measured by the core-core CPI (excluding fresh food and energy) increased 3.5% y/y, slowing down from the 3.8% growth last month.
  • Prices for ex-perishables rose 5.9% y/y, lower than the 6.2% y/y increase in December.
  • Prices for household spending rose 4.7% y/y, decelerating from the 4.0% y/y growth reported last month, and prices for accommodation increase 26.9% y/y, easing from the previous 59.0% jump.