MNI China Daily Summary: Friday, April 26

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MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Japan Sep CPI +2.8% Y/Y; Energy Slip Further

JAPAN DATA
MNI (Singapore)
  • Japan's national average core consumer price index (excluding fresh food) rose 2.8% from the year earlier in September, slower from the growth of 3.1% marked in August, marking the 26th increasing month.
  • Energy fell 11.7% y/y, slip further from the previous 9.8% y/y drop.
  • The underlying inflation rate measured by the core-core CPI (excluding fresh food and energy) increased 4.2% y/y, narrowing from the 4.3% growth last month.
  • Prices for ex-perishables rose 8.8% y/y, slower than the 9.2% y/y increase in August.
  • Prices for household spending rose 1.5% y/y, decelerating from the 3.0% y/y growth reported in August, and prices for accommodation increase 17.9% y/y, down from the previous 18.1% increase.
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