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MNI BRIEF: Japan May Core CPI Up 2.1% Y/Y, Flat On Month

(MNI) Tokyo
TOKYO (MNI)

Underlying inflation rose 0.8% on year in May.

Policy StoryDataPolicyFiscalGovernment sectorAPACJapanData BriefCentral BankData StoriesBank of JapanBriefStoryRegionBank of Japan (BOJ) Market News

Japan's May annual core consumer inflation rate rose 2.1% y/y, flat from April and posted the ninth straight gain on continued pressure from energy and food costs, data released by the Ministry of Internal Affairs and Communications released Friday showed.

Underlying inflation measured by the core-core CPI (excluding fresh food and energy) rose 0.8% y/y in May, also unchanged from April. The positive contribution from energy items fell to 1.26 pp in May from 1.38 pp in April but the positive contribution from food rose to 0.6 pp in May from 0.58 pp in April, (See: MNI INSIGHT: BOJ Eyes Autumn Move If Yen Steadies, Prices Rise).

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Japan's May annual core consumer inflation rate rose 2.1% y/y, flat from April and posted the ninth straight gain on continued pressure from energy and food costs, data released by the Ministry of Internal Affairs and Communications released Friday showed.

Underlying inflation measured by the core-core CPI (excluding fresh food and energy) rose 0.8% y/y in May, also unchanged from April. The positive contribution from energy items fell to 1.26 pp in May from 1.38 pp in April but the positive contribution from food rose to 0.6 pp in May from 0.58 pp in April, (See: MNI INSIGHT: BOJ Eyes Autumn Move If Yen Steadies, Prices Rise).