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  HOME | Business & Economy (Click here for more)

Japanís CPI Rises 0.4% in October

TOKYO Ė Japanís consumer price index rose by 0.4 percent in October compared to the same month in 2018, the government said on Friday.

This is the 34th consecutive monthly increase in the inter-annual indicator.

Compared to last September, prices increased in October by 0.2 percent, according to the data published by the statistics bureau of the Ministry of the Internal Affairs and Communications.

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

The figures in October also reflect the increase in VAT, which took effect on Oct, 1, and increased from 8 percent to 10 percent.

The CPI for all items increased by 0.2 percent last October compared to the same month in 2018.

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

 

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