Japan Consumer Prices Continue To Fall In December

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Japan's core consumer prices dropped 1.3% year-on-year in December compared to the 1.7% fall in the preceding month, the Ministry of Internal Affairs and Communications reported on Friday. Economists had expected a 1.7% decline. This is the tenth consecutive month in which core consumer prices have fallen.

Month-on-month, the core CPI, which excludes fresh food from the price basket, dropped a seasonally adjusted 0.1% in December, reversing the 0.1% increase in November.

Meanwhile, core consumer prices in the Tokyo region for January, a good indicator of future movements in the price index, dropped 2% from a year earlier, faster than the 1.9% decline in the previous month. Economists were looking for a 2.1% fall. On a monthly basis, Tokyo core CPI dropped a seasonally adjusted 0.2% in January, adding to the 0.1% slide in the preceding month.

Japan's core consumer prices dropped 1.3% year-on-year in December compared to the 1.7% fall in the preceding month, the Ministry of Internal Affairs and Communications reported on Friday. Economists had expected a 1.7% decline. This is the tenth consecutive month in which core consumer prices have fallen. (Market News Provided by RTTNews)