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Japan Tokyo August CPI 0.0% Y/Y; Energy Costs Up

JAPAN DATA
MNI (Singapore)
  • The core consumer price index (excluding fresh food) in the Tokyo area, a leading indicator of the national average, remained unchanged in August, following last 0.3% y/y decrease.
  • Energy costs increased 0.9% y/y, up from last 0.7% y/y gain.
  • Processed food prices kept flat, narrowing from the previous 0.3% y/y decrease.
  • Prices for household durable goods rose 10.5% y/y, faster than the previous 8.4% y/y gain.
  • The core-core CPI (excluding fresh food and energy) -- a key indicator of the underlying trend of inflation -- edged down 0.1% y/y, slower than the 0.3% y/y drop marked in July.
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