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Japan Tokyo Oct Inflation +2.7% Y/Y

MNI (Singapore)
  • The core consumer price index (excluding fresh food) in the Tokyo area, a leading indicator of the national average, rose 2.7% in October, quicker from the 2.5% growth in September.
  • Energy costs decreased 14.1% y/y in October, narrowing from the 18.7% y/y drop last month.
  • Processed food prices edged up 7.3% y/y, down from the previous 8.5% y/y increase.
  • Prices for household durable goods increased 2.7% y/y, up from the previous 0.5% y/y increase.
  • The core-core CPI (excluding fresh food and energy) -- a key indicator of the underlying trend of inflation -- edged up 3.9% y/y in October, following last 3.8% y/y growth.

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