Japanese Consumer Prices Continue To Fall In October

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Japan's general consumer prices dropped 2.5% year-on-year in October, after a 2.2% fall in prices in each of the previous three months, the Ministry of Internal Affairs and Communication said Friday.

Core consumer prices, which excludes fresh food, dropped 2.2% in October from a year earlier, but slower than a 2.3% fall in the previous month. Economists expected a 2.4% decline. This is the eighth consecutive month that consumer prices have fallen.

Month-on-month, overall consumer prices dropped 0.4%, and excluding fresh food, prices fell 0.1%.

Meanwhile, the CPI in Tokyo region for November, a good indicator of future movements of consumer prices, dropped 2.2% from a year earlier and fell 0.2% from October. The core CPI fell 1.9% on a yearly basis, but slower than a 2.3% decline anticipated by economists. Month-on-month, the core consumer prices were down 0.1%.

(Market News Provided by RTTNews)