Corporate service prices in Japan show faster rise

After several years of declines, Japan's core CPI climbed in 2006, generating hopes that the nation had finally escaped from persistent price falls. However, in recent months the core CPI, which excludes the prices of fresh food but includes energy prices, has been falling on a year-to-year bas...

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Bibliographic Details
Published inThe Wall Street journal Asia
Main Author Megumi Fujikawa and Yuka Hayashi
Format Newspaper Article
LanguageEnglish
Published Hong Kong Dow Jones & Company Inc 29.05.2007
Subjects
Central banks
Consumer Price Index
Energy prices
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Summary:After several years of declines, Japan's core CPI climbed in 2006, generating hopes that the nation had finally escaped from persistent price falls. However, in recent months the core CPI, which excludes the prices of fresh food but includes energy prices, has been falling on a year-to-year basis, due in part to declines in energy prices. Data released last week showed that Japan's nationwide core CPI in April fell 0.1% from a year earlier, declining for the third straight month.