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Financial News: Japan February Inflation +0.3% On Year

Japan February Inflation +0.3% On Year

03/30/2017 - 19:55:00 (RTTNews)

(RTTNews) - Consumer prices in Japan were up 0.3 percent on year in February, the Ministry of Internal Affairs and Communications said on Friday.

That topped expectations for 0.2 percent but was down from 0.4 percent in January.

Core CPI, which excludes fresh food prices, added an annual 0.2 percent - in line with expectations and up from 0.1 percent in the previous month.

On a monthly basis, overall inflation was down 0.1 percent and core CPI was flat.

Overall inflation for the Tokyo region, considered a leading indicator for the nationwide trend, fell 0.4 percent on year in March. That was beneath forecasts for -0.2 percent and down from -0.3 percent in February.

Core CPI for Tokyo also was down an annual 0.4 percent - shy of forecasts for -0.2 percent and down from -0.3 percent in the previous month.

On a monthly basis, overall Tokyo CPI was down 0.2 percent and core CPI fell 0.1 percent.

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