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MNI BRIEF: Japan's May Tokyo CPI Posts 1.9% Gain

(MNI) Tokyo
TOKYO (MNI)

Energy costs continued to rise, but communications, mostly mobile services, slipped.

DataPolicyAPACBank of Japan (BOJ) Market NewsJapanData BriefData StoriesBank of JapanPolicy StoryStoryBriefRegionCentral Bank

The Tokyo core inflation rate rose 1.9% y/y in May, flat from April and at the highest level since March 2015 when it rose 2.2%, data from the Ministry of Internal Affairs and Communications showed on Friday.

The core-core CPI (excluding fresh food and energy) -- a key indicator in the underlying inflation trend – rose 0.9% y/y in May, with energy costs up 22.3% y/y and communication costs down 22.5% y/y. Prices for eating and drinking services that the Bank of Japan officials are focused on rose 2.0% y/y in May (See MNI INSIGHT: Japan Apr CPI Above 2%, But BOJ Easy Policy Stays).


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The Tokyo core inflation rate rose 1.9% y/y in May, flat from April and at the highest level since March 2015 when it rose 2.2%, data from the Ministry of Internal Affairs and Communications showed on Friday.

The core-core CPI (excluding fresh food and energy) -- a key indicator in the underlying inflation trend – rose 0.9% y/y in May, with energy costs up 22.3% y/y and communication costs down 22.5% y/y. Prices for eating and drinking services that the Bank of Japan officials are focused on rose 2.0% y/y in May (See MNI INSIGHT: Japan Apr CPI Above 2%, But BOJ Easy Policy Stays).