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MNI BRIEF: Japan October Core CPI Rises On Higher Energy Costs

MNI (Tokyo)

Core inflation posts second straight gain on year.

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Japan's October annual core consumer inflation rate rose 0.1% y/y, posted the second straight y/y rise on higher energy costs, data from the Ministry of International Affairs and Communication released on Friday showed.

Mobile phone charges dipped, and underlying inflation, measured by the core-core CPI (excluding fresh food and energy) fell 0.7% y/y in October. Bank of Japan officials maintain the view that the underlying price trend, excluding special factors, remains solid.