Nationwide consumer prices in Japan were up 0.2 percent on year in July, the Ministry of Internal Affairs and Communications said on Friday – in line with forecasts and slowing from 0.4 percent in June.
Overall core consumer prices, which exclude the volatile costs of food, were flat on month. That beat expectations for a decline of 0.2 percent following the 0.1 percent gain in the previous month.
On a monthly basis, overall inflation eased 0.1 percent and core CPI was flat.
Overall inflation for the Tokyo region, considered a leading indicator for the nationwide trend, was up 0.1 percent on year in August – unchanged from July and as expected.
Core CPI for Tokyo was down 0.1 percent on year, unchanged but beating forecasts for a fall of 0.2 percent.
On a monthly basis, overall inflation gained 0.2 percent and core inflation added 0.1 percent.
The material has been provided by InstaForex Company – www.instaforex.com