Japan consumer deflation worsens to 1.2% in Dec.

Friday, 22. January 2021 00:41

Consumer prices in Japan surprised expectations in December, despite the headline index decreasing by 1.2% on a yearly basis to stand at 101.8 which marks a 0.3% contraction compared to the previous month's data, according to a report released by the Statistics Bureau of Japan on Friday.

The Consumer Price Index excluding fresh food and energy declined 0.4% year-on-year but remained unchanged month-on-month, while the CPI excluding only fresh food lost 1% on a yearly, and was unmoved on a monthly basis.

The index for goods was decreased 1.5% compared to December last year, while services prices declined 0.9% year-on-year. Furniture and household utensils prices saw the biggest increase, rising 2.4% compared to December 2019, while fuel, light and water-related charges fell the most on an annual basis, going down by 6.1 percentage points.

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