Annual inflation in Japan dwindles to 0.2%

Friday, 18. October 2019 02:05

The official report for September revealed consumer price growth came in at only 0.2% for last month compared to 0.3% registered for August. The disappointing reading, the lowest since February, compares to the Bank of Japan's 2% target.

Governor Haruhiko Kuroda said only three days earlier that headline inflation is near 0.5%. The Statistics Bureau's data showed there was no monthly change in the headline index. Stripped of fresh food and energy, it was also flat but it rose 0.5% year over year. The increase in the core measure weakened by 0.1 percentage points from the previous month. Only without fresh food, inflation fell to 0.3% in September, the weakest mark since April 2017, from 0.5%.

The price of services dropped 0.5% from August against the 0.7% jump in the goods segment.

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