Thursday, 25 July 2013
Economic Buzz: Japan Registers Inflation For June
Japan's consumer prices managed to register mild inflation in June compared with a year earlier, data out Friday from the Finance Ministry showed. The core consumer price index, which excludes volatile fresh-food costs, rose 0.4% from June 2012, though it was unchanged compared to May's levels. Meanwhile, July's core CPI for metropolitan Tokyo -- seen as a leading indicator for the nation as a whole -- also scored a price gain, rising 0.3% on an annual basis, though it too was unchanged from the previous month. Overall national CPI including all items rose 0.2% from a year earlier, but was flat from May. The fuel, light and water charges segment led the gains, with a 5.7% annual increase nationally, the ministry said. Japan has been struggling to rid itself of on-and-off deflation that has dragged on the economy for years, with the central bank currently targeting a 2% core CPI gain by 2015.
Source by Commodity Insights