Summary
[Japan’s core CPI has risen year-on-year for three consecutive months]The Ministry of Internal Affairs and Communications of Japan announced on the 24th that in November, Japan’s core consumer price index (CPI), excluding fresh food prices, was seasonally adjusted to 100.1, an increase of 0.5 over the same period last year. %, a year-on-year increase for three consecutive months. The report shows that high crude oil prices in the international market have spurred the price increase of domestic energy commodities in Japan, which is the main factor pushing up Japan’s core CPI. The prices of goods and services such as diesel, gasoline, electricity, gas, hotel accommodation, fire and earthquake insurance premiums in Japan rose year-on-year in the same month. (Xinhuanet)
The Ministry of Internal Affairs and Communications of Japan released a report on the 24th that in November, Japan’s core consumer price index (CPI) After seasonal adjustment, it was 100.1, an increase of 0.5% over the same period of last year, and a year-on-year increase for three consecutive months.
The report shows that the international marketOil priceThe high rise in the price of domestic energy products in Japan is the main factor pushing up Japan’s core CPI.Japan of the monthdiesel fuel、gasoline, Electricity bills,GasExpenses, hotel accommodation expenses, fires and earthquakesinsuranceThe prices of goods and services, including fees, rose year-on-year.
Japan’s CPI statistical benchmark is revised every 5 years, and the types and proportions of goods and services included in the survey are adjusted. In August of this year, the Ministry of Internal Affairs and Communications made the latest revision of the statistical benchmark. CPI data from 2020 calculated on the basis of the new benchmark showed that Japan’s deflationary trend is more severe than before. In September, the core CPI rose by 0.1% year-on-year, marking the first year-on-year increase in the index in more than a year.
(Article Source:Xinhuanet）
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