MNI 5 THINGS: Japan Sep CPI Accelerates On Energy Costs

--Japan Sep Core CPI +1.0% Y/Y; MNI Median +1.0%; Aug +0.9% 

--Japan Sep Core-Core CPI +0.4% Y/Y; Aug +0.4% 

--Japan Sep CPI Energy Costs +8.1% Y/Y; Aug +7.4% 

--Japan Sep CPI Food Ex-Perishables +1.0% Y/Y; Aug +0.9% 

--Japan Sep CPI Household Durable Goods -2.0% Y/Y; Aug -2.5% 

--Japan Sep CPI Overseas Holiday Tours +13.0% Y/Y; Aug +3.9%

     TOKYO (MNI) - Japan's consumer inflation rate accelerated in September from

the previous month, with the gain mainly led by higher energy costs, data from

the Ministry of International Affairs and Communication released Friday showed.

     The key points from the latest CPI data:

     -- The national average core consumer price index (excluding fresh food)

rose 1.0% on year in September, in line with an MNI survey, recording the 21th

straight year-on-year rise, with the pace of increase accelerating from +0.9% in

August.

     - Overall CPI rose 1.2% on year in September, slowing down from the 1.3%

recorded in August. The rise was mainly driven by the uprising energy costs,

which reported an +8.1% growth over the year. 

     -- The underlying inflation rate measured by the core-core CPI (excluding

fresh food and energy) rose 0.4% on year in September, unchanged from August. It

was the 15th consecutive year-on-year rise.

     -- CPI was weighed down by accommodations costs, which plunged by 14.7% on

year in September, sharply sliding from +10.2% rise in August.

     -- Prices for overseas holiday tours surged 13.0% in September,

accelerating from the 3.9% increase in August. Prices for household durable

goods were down 2.0% on year in September, after falling 2.5% in the previous

month.

--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

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