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Japan Oct CPI Slowed To -0.7% y/y

JAPAN DATA
MNI (Singapore)
  • Japan's national average core consumer price index (excluding fresh food) declined 0.7% y/y in October, lower than the previous 0.3% y/y drop.
  • Energy dropped 5.7% y/y, faster than last month's 3.5% y/y fall, contributing -0.44 percentage points to CPI.
  • The underlying inflation rate measured by the core-core CPI (excluding fresh food and energy) was -0.2% y/y, following the flat result last month.
  • Prices for ex-perishables grew 0.2% y/y in October, down from 0.8% y/y in September.
  • Prices for household spending rose 0.8% y/y, slowing down from the previous 2.4% y/y growth.

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