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Japan Consumer Price Index continues to decline
Consumer prices fell the seventh consecutive month and household spending also fell again in September, underscoring the problems, Prime Minister Shinzo Abe and the head of the Bank of Japan Haruhiko Kuroda.
The National Consumer Price Index published by Statistics Bureau of Japan, remained unchanged at -0.5% in September. The consumer price index reflects the assessment of price movements obtained by comparison of the retail prices of the relevant basket of goods and services and is the most important barometer of changes in purchasing trends.
Inflation excluding food prices was also -0.5% in September. The national consumer price index excluding food and energy prices amounted to 0.0% y / y, after rising by 0.2% a month earlier
Household spending in September fell 2.1% compared with a year earlier. Economists had expected a decline of 2.7%. According to statistics, household spending declined in 11 of the 12 months.
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