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MNI DATA IMPACT: Tokyo April Core Pick Up At +1.3% Y/Y

     TOKYO (MNI) - Tokyo's annual consumer inflation rate, a leading indicator
of the national average, climbed 1.3% y/y in April with a widely spread price
hike, according to data from the Ministry of Internal Affairs and Communications
released on Friday.
     The following are the key points from the latest Tokyo CPI data:
     --Tokyo's core consumer price index (excluding fresh food) rose 1.3%
year-on-year in April, higher than the MNI forecast survey for 1.1% growth. It
was the 24rd straight monthly y/y rise since the 0.1% gain seen in May 2017.
     --Core-core CPI (excluding fresh food and energy) -- a key indicator of the
underlying trend of inflation -- rose 0.9% on year in April in Tokyo, up from
the 0.7% increase reported in March.
     --Processed food prices rose 1.1% y/y in April, higher than the 0.9% y/y
registered in March. Energy costs eased to a rise of 7.5% in April from 8.9% in
March, contributing a positive 0.38 percentage point to the total Tokyo CPI. 
     --Household durable goods prices accelerated 12.9% in April after last
month's 10.2% gain. Overseas tour prices surged 15.1% y/y in April from 5.2% y/y
reported in March.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: MAJDS$,MAUDR$,MAUDS$,M$A$$$,M$J$$$,M$U$$$]

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