Japan's Annual Inflation Rate Up 1.1% in September
Japan's consumer prices were up to 1.1 percent in September, the fourth straight month of gains and the fastest growth in four years. As in the previous month, the speed up was mostly driven by rising costs of oil imports.
10/25/2013 12:58:47 AM
The largest upward pressure came from fuel, light and water charges, up 5.4 percent. Transportation (2.5 percent), clothes and footwear (0.7 percent), education (0.7 percent) and food prices (1,7 percent) were also up. Price decreases were reported for furniture and household utensils (-1.3 percent), culture and recreation (-0.6 percent), medical care (-0.7 percent) and housing (-0.4 percent).
Compared to the previous month, the biggest gains were registered in cost of clothes and footwear (6 percent), fuel, light and water charges (0.8 percent), furniture and household utensils (0.3 percent) and food (1 percent). Prices of culture and recreation, housing and medical care decreased.
In September, core consumer prices, which includes oil products but excludes volatile prices of fresh food, rose 0.7 percent from a year earlier, staying near the fastest growth in almost five years.
The consumer price index for Ku-area of Tokyo in October 2013(preliminary) was 99.6(2010=100), up 0.1 percent from the previous month, and up 0.6 percent over the year.