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MNI BRIEF: March Tokyo CPI Accelerates On Energy Costs

TOKYO (MNI)

Tokyo core inflation rose 0.8% y/y in March for the seventh straight gain as energy costs jumped 26.1% y/y, data from the Ministry of Internal Affairs and Communications showed on Friday.

Core-core CPI (excluding fresh food and energy) -- a key indicator for underlying inflation – fell 0.4% y/y in March. The near-term focus is how Japan’s CPI rises in April after the impact of cheaper mobile phone charges wanes.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

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