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MNI BRIEF: Japan Nov Core CPI Up At Fastest Pace Since Feb 2020

(MNI) Tokyo
TOKYO (MNI)

Japan's November annual core consumer inflation rate rose 0.5% y/y, the fastest pace since February 2020 on energy and accommodation costs and the third straight y/y rise, data from the Ministry of International Affairs and Communication released on Friday showed.

Energy items rose 15.6% y/y in November, widening from +11.3% in October. Prices for accommodations rose 57.6% in November slightly narrower than +59.1% in October.

Underlying inflation measured by the core-core CPI (excluding fresh food and energy) fell 0.6% y/y in November. However, Bank of Japan officials maintain the view that the underlying price trend excluding special factors remains solid.

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

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