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Tokyo Overall Inflation Rate Jumps 0.3% On Year in September

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Financial district in Tokyo

Overall consumer prices in the Tokyo region of Japan were up 0.3% on year in September.

Source: Statistics Bureau of Japan

Nikkei 225 down -2.19%, JPY USD down -0.27%

The increase in consumer prices was in line with expectations following the 0.4% contraction in August.

Core CPI, which excludes volatile food prices, rose 0.1% on the year, slightly lower than an expected increase of 0.2% following the flat reading in the prior month.

On a seasonally adjusted monthly basis, the overall inflation increased 0.5%, and core CPI increased 0.1% percent. Services had a monthly decrease in prices by 0.4%, while prices of goods rose by 1.3%.

The items with the highest monthly gains in prices were clothes and footwear (2.4%), food (1.6%), and fuel, light, and water charges (1.45).

The items with the highest decreases in prices were culture and recreation (-2.0%), furniture and household utensils (-0.6%), and transportation and communication (-0.4%).

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