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Japan Tokyo April CPI -0.2% Y/Y; 9th Monthly Fall

JAPAN DATA
MNI (Singapore)
  • The core consumer price index (excluding fresh food) in the Tokyo area, a leading indicator of the national average, declined for the ninth straight month by 0.2% y/y in April, higher than the previous 0.1% y/y fall.
  • Energy costs fell 4.7% y/y, narrower than last month's 7.8% y/y drop.
  • Processed food prices were unchanged in April.
  • Prices for household durable goods rose 7.2% y/y, faster than the previous 7.0% y/y gain.
  • The core-core CPI (excluding fresh food and energy) -- a key indicator of the underlying trend of inflation -- was flat in April, down from the previous 0.3%% gain.
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