Japan's national CPI declines to an annual rate of -0.3% in April

Market news

27 May 2016

Japan's national CPI declines to an annual rate of -0.3% in April

Japan's Ministry of Internal Affairs and Communications released its inflation data on late Thursday evening. Japan's national consumer price index (CPI) declined to an annual rate of -0.3% in April from -0.1% in March, in line with expectations.

Inflation was mainly driven by declines in fuel and communication prices. Fuel prices slid 9.1% year-on-year in April, while communication prices declined 2.5%.

Japan's national CPI excluding fresh food remained unchanged at an annual rate of -0.3% in April, beating expectations for a drop to -0.4%.

The Bank of Japan's inflation target is 2%.

Bloomberg Consumer Comfort Index: consumers’ expectations for U.S. economy decline to 42.0 in in the week ended May 22

U.S. pending home sales increases 5.1% in April

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