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MNI BRIEF: Japan's Dec Core CPI Up 0.5% On Higher Energy Costs

(MNI) Tokyo

Japan's December annual core consumer inflation rate rose 0.5% y/y, the fifth straight gain, on the back of higher energy costs, data from the Ministry of International Affairs and Communication released on Friday showed.

Energy items rose 16.4% y/y in December, widening from November. The underlying inflation rate measured by the core-core CPI (excluding fresh food and energy) fell 0.7% y/y in December vs. -0.6% in November, see: MNI INSIGHT: BOJ Sees 2% Price Target Nearer With Wages Key

Despite the weaker core-core prices, Bank of Japan officials maintain the view that the underlying price trend remains solid, see: MNI STATE OF PLAY: BOJ Kuroda Rules Out Early Tightening.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
DataPolicy NewsHomepageAPACBank of Japan (BOJ) Market NewsJapanData BriefData StoriesBriefStoryRegion
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MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
DataPolicy NewsHomepageAPACBank of Japan (BOJ) Market NewsJapanData BriefData StoriesBriefStoryRegion
True

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