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Japan Core CPI 0.1% On Year In February

3/29/2012 8:15 PM ET

Core consumer prices in Japan were up 0.1 percent on year in February, the Ministry of Internal Affairs and Communications said on Friday - beating forecasts for a contraction of 0.1 percent, which would have been unchanged from the January reading.

Overall inflation came in higher by 0.3 percent, topping expectations for a flat reading after adding 0.1 percent in the previous month.

On a monthly basis, core CPI and overall inflation both were up 0.2 percent.

Core consumer prices for the Tokyo region - considered a leading indicator for the nationwide trend - were down 0.3 percent on year in March, matching forecasts and remaining unchanged from the February data.

Overall Tokyo CPI was down 0.1 percent on year, also in line with forecasts after easing 0.2 percent in the previous month.

On month, core CPI and overall inflation both climbed 0.4 percent.

by RTT Staff Writer

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