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

MNI (London)
     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
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email:
--MNI London Bureau; tel: +44 203-586-2225; email:
MNI London Bureau | +44 203-865-3812 |

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