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Japan's consumer prices rise 0.9% on year in January

Staff Writer |
Japan's core consumer prices rose 0.9 percent in January from a year earlier due to higher energy costs, the government said Friday.

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The core consumer price index, excluding volatile fresh food prices, increased for the 13th consecutive month, according to the Ministry of Internal Affairs and Communications, but the gain remained below the Bank of Japan's 2 percent inflation target.

The index was also up 0.9 percent in each of the previous two months.

Energy-related costs including electricity fees and gasoline prices continued to be the main driver behind the increase in the core CPI.

Lower costs for mobile phone contracts weighed on the index, in a sign that carriers are wary of charging more for products and services in fear of losing customers.


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