Friday, March 30, 2012

Japan consumer prices up 0.1% in February

TOKYO: Japan's core consumer prices edged up 0.1 percent in February from the same month a year earlier, marking the first rise in five months, the government said Friday.

The core consumer price index, which excludes volatile food items, inched up on higher electricity and transportation-related costs, according to the data.

The figures compared with a median forecast of a 0.1 percent decline in a poll of economists surveyed by Dow Jones Newswires and the Nikkei business daily.

Japan has been in a deflationary spiral for years, with a series of monetary and fiscal policy moves failing to reverse the trend.

Core consumer prices for the Tokyo metropolitan area, an early indicator of price trends for the rest of Japan, fell 0.3 percent in March from the same month a year ago, matching economists' expectations.

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Source From Channel News Asia

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