Japan Inflation Eases In August

Japanese Tokyo inflation eased in August after rising in the previous month, data from the Ministry of Internal Affairs showed on Friday.

The consumer price index increased 0.3 percent year-on-year in August, slower than 0.6 percent rise July. In June, inflation was 0.3 percent.

Core CPI fell 0.3 percent in August, after a 0.4 percent rise in the previous month. Economists had expected a 0.3 percent rise.

On a monthly basis, core prices fell 0.6 percent in August, after a 0.3 percent rise in the prior month.

Excluding fresh food and energy, consumer prices fell 0.7 percent monthly, after a 0.3 percent increase in July.

On a seasonally adjusted basis, consumer prices fell 0.4 percent in August, reversing a 0.3 percent rise in the preceding month.

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