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MNI 5 THINGS: Tokyo Nov Core CPI +1.0% Y/Y; Energy, Food up

MNI (London)
--Tokyo Nov Core-Core CPI +0.6% Y/Y; Oct +0.6%
--Tokyo Nov CPI Energy Costs +7.8% Y/Y; Oct +7.4%
--Tokyo Nov CPI Food Ex-Perishables +1.1% Y/Y; Oct+ 1.0%
--Tokyo Nov CPI Durable Goods +0.5% Y/Y; Oct -3.0%
     TOKYO (MNI) - Tokyo's annual consumer inflation rate, a leading indicator
of the national average, was unchanged in November from October's level, with
energy and processed food prices higher, data from the Ministry of Internal
Affairs and Communications released Friday showed.
     The key points from the latest Tokyo CPI data:
     - The Tokyo core consumer price index (excluding fresh food) rose 1.0% on
year in November, in line with the MNI median economist forecast. It was the
19th straight y/y rise since the +0.1% in May 2017.
     - Energy costs accelerated to +7.8% in November from +7.4% in October. It
contributed a positive 0.39 percentage point to total Tokyo CPI in November and
the contribution was 0.02 point higher than in October.
     - Tokyo saw processed food prices higher by 1.1% on year in November after
+1.0% in October, pushing up the total CPI by 0.24 percentage point. This was
0.03 of a point higher in November than in October.
     - The core CPI was supported by accommodation costs, which rose 1.4% y/y in
November, after dropping 0.3% in October.
     - The core-core CPI (excluding fresh food and energy) -- a key indicator of
the underlying trend of inflation -- rose 0.6% on year in November in Tokyo,
unchanged from October.
--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
[TOPICS: MAJDS$,MAUDR$,MAUDS$,M$A$$$,M$J$$$,M$U$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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