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Japan's consumer prices down for 14th straight month in April

Updated:2010-05-28 11:33:53

Consumer prices in Japan, excluding volatile fresh food, fell 1.5 percent in April from a year earlier marking the 14th straight month of decline, the Ministry of Internal Affairs and Communications said in a preliminary report on Friday.

The core consumer price index (CPI) stood at 99.2 against the base of 100 for 2005 and the reading remained unchanged from a month earlier, the report said.

Additionally the core CPI for Tokyo's 23 wards in May dropped 1. 6 percent from a year earlier to 98.8, the same as the reading for April, the ministry said on Friday in a preliminary report.

The consumer price index measures a price change for a constant market basket of goods and services from one period to the next within the same area. The percent change in the CPI is a measure estimating inflation. 

 

 

Source:http://news.xinhuanet.com

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