Japan all-time CPI dropped from 0.2% yoy to 0.1% yoy in October. CPI core (all-item ex food) was unchanged at 0.1% yoy. CPI core-core (all-item ex food and energy), dropped further from -0.5% yoy to -0.7% yoy.
The CPI core reading is now rising for the second straight month. Overall energy prices rose 11.3%. Gasoline prices surged at highest rate in over 13 years, up 21.4%, while kerosene also rose 25.9%. Accommodation fees gained 59.1%.
Bot CPI core-core was negative for the seventh straight month, as weighed down by record -53.6% fall in mobile communications fees.
