MNI DATA IMPACT: Tokyo September Core CPI Slows To 0.5% Y/Y

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

of the national average, slowed to 0.5% y/y in September, according to data

released Friday by the Ministry of Internal Affairs and Communications.

     The following are the key points:

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

year-on-year in September, down from the 0.7% y/y growth recorded in August and

the 0.6% y/y growth projected by an MNI survey. It was the 29th 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 0.6% on year in September in Tokyo, down

from 0.7% y/y last month.

     --Energy costs decreased 0.9% y/y in September, compared with the 1.1% y/y

increase last month. Processed food prices slowed to 0.9% y/y in September from

previous 1.0% y/y. 

     --Household durable goods price edged up 10.7% y/y, compared with last

month's 10.6% y/y. Overseas tour prices fell 2.8% y/y from previous 4.1% y/y

gain.

--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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