On a monthly basis, consumer prices edged up 0.1 percent after remaining flat. Meanwhile, inflation remained unchanged for housing (0.8 percent), clothes & footwear (1.3 percent), and medical care (0.7 percent). The nationwide core consumer price index (CPI), which includes oil but excludes volatile fresh food prices, fell 0.2% in May from a year earlier, government data showed on Friday. “Japan is not in deflation at all, but it (inflation) is far below the BOJ’s target.”Japan’s economy grew an annualized 1.8 percent in the second quarter, thanks to robust household consumption and business investment. E-PAPER. Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. SIGN-IN. Oil product prices dropped 2.7 percent, affected by a 4.3 percent decline in gasoline prices.Prices for nonperishable foods grew 1.2 percent as ice cream shot up 6.9 percent in price on higher raw material and transportation costs, the ministry said.Those of household durable goods, including vacuum cleaners and air conditioners, increased 3.8 percent in a sign that consumers are increasingly buying new appliances ahead of the consumption tax hike in October, according to the ministry.Takeshi Minami, chief economist at the Norinchukin Research Institute, warned of the impact on the economy from the tax increase to 10 percent from 8 percent, which it is widely feared will hurt household and business spending. Japan's consumer price inflation sank to 0.1 percent yoy in April 2020 and fell to the lowest level since November of 2016, as Covid-19 pandemic continued to hamper consumption. Underlying inflation remains at around zero percent, a reflection of unimpressive aggregate demand.
Pandemic spurs Japan travel companies to roll out online tours Japan sticks to well-worn diplomatic language after latest Hong Kong crackdown The downturn in growth is also likely to have been exacerbated by Japan’s state of emergency in April through late May, which prompted people to stay home and businesses to close.
Prices fell a sharp 10.5 percent for education, and fell for transport & communication (-0.5 percent), fuel, light & water charges (-2 percent), and miscellaneous (-3 percent). The Jibun Bank Composite Purchasing Managers’ Index (PMI), which combines the PMIs of the services and manufacturing sectors, climbed to 43.9 in July, up from 40.8 in June, according to a flash reading. “It’s just a matter of time before the BOJ acknowledges that the momentum of a higher inflation rate is being lost,” said Masaaki Kanno, chief economist at Sony Financial Holdings. Inflation Rate YoY
In contrast, inflation edged up for housing (0.8 percent vs 0.7 percent) while it remained unchanged for medical care (at 0.5 percent); clothing & footwear (at 1.4 percent) and food (at 2.1 percent). Core consumer prices, which exclude fresh food, remained unchanged after dropping 0.2 percent in the previous month and compared to a 0.1 percent decline.Japan's consumer price inflation stood at an over 3-year low of 0.1 percent yoy in May 2020, in line with market estimates, as Covid-19 pandemic continued to hamper consumption. The core consumer price index, which excludes the price of fresh food, decreased 0.1% month-on-month in seasonally-adjusted terms in May, after falling 0.5% in April. Re-entry ban horror stories pile up in Japan's Indian community
ENGLISH . हिन्दी ગુજરાતી. In contrast, medical care costs went up 0.6 percent (vs 0.5 percent in May). Japan news and Japanese national, crime, entertainment, politics, business, technology, sports stories in English. SIGN-IN. Inflation Rate YoY
Inflation Rate Mom in Japan averaged 0.20 percent from 1970 until 2020, reaching an all time high of 4.10 percent in January of 1974 and a record low of -1.10 percent in November of 1977. Japan also lifted all coronavirus-related curbs on domestic travel on Friday, with Prime Minister Shinzo Abe calling on people to go sightseeing or attend events to help the nation’s economy bounce back. FACEBOOK TWITTER YOUTUBE LINKEDIN INSTAGRAM FLIPBOARD PINTEREST RSS.
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