Global Economic News

Japan Consumer Prices Steady At 0.4% In June

Overall nationwide consumer prices in Japan were up 0.4 percent on year in June, the Ministry of Internal Affairs and Communications said on Friday - in line with expectations and unchanged from the previous month.

Nationwide core CPI, which excludes food prices, also gained 0.4 percent on year - again unchanged and as expected.

On a monthly basis, overall CPI and core CPI were both unchanged.

Overall inflation for the Tokyo region - considered a leading indicator for the nationwide trend - added 0.1 percent on year in July. That matched forecasts following the flat reading in June.

Core CPI for Tokyo added an annual 0.2 percent. That exceeded forecasts for a flat reading, which would have been unchanged.

On a monthly basis, overall Tokyo CPI was flat, while core CPI added 0.1 percent.

by RTTNews Staff Writer

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