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--Japan Jan Tokyo Core CPI +0.7% Y/Y; MNI Median +0.8%; Dec +0.8%
--Japan Jan Tokyo Core-Core CPI +0.9% Y/Y; Dec +0.9%
--Japan Jan Tokyo CPI Energy Costs -1.3% Y/Y; Dec -1.2% --Japan Jan Tokyo CPI
Food Ex-Perishables +1.9% Y/Y; Dec +1.8%
--Japan Jan Tokyo CPI Household Durable Goods +0.4% Y/Y; Dec +3.9%
TOKYO (MNI) - The annual consumer inflation rate in Tokyo, a leading
indicator of the national average, rose 0.7% y/y in January, propped up by high
prices for food ex-perishables and service prices, data from the Ministry of
Internal Affairs and Communications showed Friday.
The gain slowed from +0.8% in December due to lower prices for household
durable goods on the back of weak consumer demand.
The key points from the latest Tokyo CPI data:
--The Tokyo core consumer price index (excluding fresh food) rose 0.7% y/y
in January, weaker than the MNI median economist forecast of +0.8%. This was the
31st straight y/y rise following +0.8% in December.
--Energy costs decelerated to -1.3% in January from -1.2% in December. This
contributed a negative 0.07 percentage points to total Tokyo CPI in January,
higher than a negative 0.06 percentage points in December.
--Tokyo saw processed food prices rise by 1.6% y/year in January after
+1.4% in December, pushing up the total CPI by 0.21 percentage points, up from
0.18 percentage points in December.
--The core CPI was again supported by robust service prices, mainly prices
for eating-out, which rose 3.5% y/y in January following +3.5% in December.
--The core-core CPI (excluding fresh food and energy) -- a key indicator in
the underlying trend of inflation -- rose 0.9% y/y in January in Tokyo,
unchanged from +0.9% in December.
--MNI Tokyo Bureau; tel: +81 90-2175-0040; email: email@example.com
--MNI Sydney Bureau; +61 405322399; email: firstname.lastname@example.org