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MNI DATA BRIEF: Japan May Core CPI Posts 1st Rise in 10 Months

MNI (Sydney)
TOKYO (MNI)

Japan's May annual core consumer inflation rate rose 0.1% y/y, for the first y/y rise in 10 months, reflecting higher energy prices, according to data from the Ministry of International Affairs and Communication released on Friday.

Prices for energy items rose 4.2% y/y in May, accelerating from +0.7% in April. The positive contribution from energy items widened to +0.31 percentage points from +0.05 pp in April.

The positive contribution eased the negative contribution from communications (-0.54 pp).

The underlying inflation rate measured by the core-core CPI (excluding fresh food and energy) fell 0.2% y/y in May following -0.2% in April.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
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