MNI DATA IMPACT: Tokyo November Core CPI Up At 0.6% Y/Y

     TOKYO (MNI) - Tokyo's annual consumer inflation rate, a leading indicator

of the national average, edged up modestly in November, as the cost of food rose

and energy costs slowed, the latest data from the Ministry of Internal Affairs

and Communications showed Friday.

     The following are the key points:

     --Tokyo's core consumer price index (excluding fresh food) rose 0.6%

year-on-year in November, in line with the MNI median and faster than the 0.5%

y/y growth recorded in October. It was the 31st 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 0.7% on year in November in Tokyo,

unchanged from last month.

     --Energy costs fell 1.3% y/y in November, improving from the 2.1% y/y

decrease last month. Processed food prices rose 1.7% y/y, the same as in

October. 

     --Household durable goods price slowed to 2.4% y/y, compared with last

month's 4.9% y/y. Overseas tour prices fell 2.7% y/y from previous 1.9% y/y

drop.

--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email: flora.guo@marketnews.com

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

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