Japan's consumer prices tack on for ninth straight month

Japan's consumer prices tack on for ninth straight month

In September, Japan's core consumer prices inched up for a ninth straight month, as a Reuters survey disclosed. However, the prices seemed to be less than half way to meeting the Bank of Japan's 2% inflation objective.

The nationwide core consumer price index, including crude products, but excluding volatile fresh food prices, added 0.8% in September from 2016 after a 0.7% revenue last month, as the survey of 20 market experts unveiled.

Tokyo core consumer prices ascended 0.5% in October from 2016, a year earlier. It’s the same rate of revenue as in September.

As market experts state, in September gasoline and electricity costs spurred consumer prices moderately, although prices excluding energy related stuff were subdued.

Higher charges for parcel delivery as well as some food products are going to be closely watched for how they might impact other prices.

Wage and price recovery is still poor because corporations are reluctant to pass on some of their accumulated revenues to their employees notwithstanding the strengthening economy.

 

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