MNI DATA IMPACT: Tokyo October Core CPI Stable At 0.5% Y/Y

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

of the national average, rose 0.5% y/y in October, the latest data from the

Ministry of Internal Affairs and Communications showed Tuesday.

     The following are the key points:

     --Tokyo's core consumer price index (excluding fresh food) rose 0.5%

year-on-year in October, unchanged from the growth recorded in September but

lower than the 0.6% y/y growth projected by an MNI survey. It was the 30th

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 October in Tokyo, up from

0.6% y/y last month.

     --Energy costs dipped further, down by 2.1% y/y in October, following the

0.9% y/y decrease last month. Processed food prices accelerated to 1.7% y/y in

October from previous 0.9% y/y. 

     --Household durable goods price slowed to 4.9% y/y, compared with last

month's 10.7% y/y. Overseas tour prices fell 1.9% y/y from previous 2.8% 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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