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- Tokyo CPI up 0.2 percent in September
Tokyo CPI up 0.2 percent in September
The Ministry of
Internal Affairs and Communications reported on Tuesday that consumer prices in
Tokyo, available a month before the nationwide data, increased 0.2 percent
y-o-y this month after a 0.3 percent y-o-y advance in August. That exceeded
economists’ estimate of 0.1 percent y-o-y. The growth was mainly attributable
to the gains in food (+2.0 percent y-o-y), transportation and communication (+0.9
percent y-o-y) and housing (+0.7 percent y-o-y). At the same time, education (-8.8
percent y-o-y) and culture and recreation (-2.2 percent y-o-y) recorded the
biggest declines.
Meanwhile, the Tokyo
core consumer price index (CPI) fell 0.2 percent y-o-y in September, following
a 0.3 percent y-o-y decline in the previous month. Economists had forecast a
0.3 percent y-o-y drop.
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