September 30, 2020

Japan CPI rose 0.4% in October

The consumer price index (CPI) rose 0.4% in Japan last October compared to the same month of 2018, the government reported today.

This is the thirty-fourth consecutive monthly increase of that year-on-year indicator.

With respect to last September, prices increased 0.2% in October, according to data published by the Statistics Office of the Ministry of Interior and Communications.

The variation in October of this indicator, which excludes food prices due to its high volatility, continues far from the 2% target of the Bank of Japan (BoJ). Japan closed 2018 with an inflation of 0.9%.

The October figure takes into account the increase in VAT that began to take effect from the first of October, and which increased from 8 to 10%.

Including all the concepts, the CPI increased 0.2% last October compared to the same month of 2018.

As for the sectors that most influenced the variation in October, the furniture and household items had an increase of 4.2%, while education fell by 7.8%.

. (tagsToTranslate) IPC (t) Japan (t) rose (t) October

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