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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.

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).