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MNI BRIEF: Japan Oct Tokyo CPI Sees 2nd Straight Rise On Energy

(MNI) Tokyo
TOKYO (MNI)

The Tokyo core inflation rate rose 0.1% y/y in October on higher energy and accommodation costs, marking the second straight rise from September, 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 trend of inflation – fell 0.4% y/y in October following -0.1% in September. Processed food prices that Bank of Japan officials are focused on rose 0.2% in October after a 0.4% gain in September.

Prices for energy items rose 9.1% y/y in October, more than double the pace in September. Prices for accommodations rose 59.1% y/y in October due to the base effects of weaker prices last year caused by the government Go To Travel campaign.

Meanwhile, prices for communications fell 53.6% y/y in October, widening from -44.8% in September.

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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