TOKYO – Japan’s consumer price index rose 0.3 percent in September with respect to the same month last year, the government said Friday.
This is the 33rd consecutive monthly increase in the country’s core consumer inflation measure. In August, the year-on-year increase in the index was 0.5 percent.
The expansion of the index – which excludes fresh food prices owing to their volatility – is still far from the 2 percent target set by the Bank of Japan. Japan ended 2018 with an inflation of 0.9 percent.
Prices in September declined 0.1 percent over the previous month, according to data published by the Statistics Bureau of the Ministry of Internal Affairs and Communications.
The main sectors driving the change in the index in September included furniture and household goods, which increased 2.7 percent, while transport and communications decreased 1.6 percent.