Japanese Inflation Rate Rebounds in March

Consumer prices in Japan rose 2.3 percent on a year in March, up from 2.2 percent reported in the previous month and above market expectations.

Year-on-year, the biggest price increases were reported for: food (+4.2 percent); fuel, light and water (+3.6 percent), culture and recreation (+3.8 percent) and clothes and footwear (+3.7 percent). Cost of furniture and household utensils grew by 2.4 percent,  education by 2.2 percent, medical care by 1.7 percent and housing by 0.3 percent. Cost of transportation and communication rose 0.2 percent compared with 0.4 percent decline reported in February. 

Core consumer prices, which includes oil products but excludes fresh food prices, rose 2.2 percent in March from a year earlier. When stripped of the impact from a recent sales tax hike, the core inflation was 0.2 percent. It had fallen to zero year-on-year in February.The so-called core-core inflation index, which excludes food and energy prices rose 2.1 percent in the year to March.

The consumer price index for Ku-area of Tokyo in April 2015 (preliminary) was 102.5 (2010=100), up 0.4% from the previous month, and up 0.7% over the year.

Japanese Inflation Rate Rebounds in March

Statistics Japan | anna@tradingeconomics.com
5/1/2015 1:04:10 AM