Price drop in Japan
Source: Agencies |
February 26, 2011, Saturday
|
Print Edition
Print Edition
CONSUMER prices in Japan fell for the 23rd straight month in January as deflation kept its hold on the world's third-largest economy.
But the pace of decline slowed for the fourth consecutive month because of the recent upward march of food and fuel prices worldwide.
The country's core Consumer Price Index, which excludes fresh food, slipped 0.2 percent from a year earlier, the government said yesterday.
The result is a tad better than Kyodo news agency's average market forecast for a 0.3 percent fall.
Deflation is one of the key -problems facing Japan's economy, which has been struggling to keep its recovery on track.
But the pace of decline slowed for the fourth consecutive month because of the recent upward march of food and fuel prices worldwide.
The country's core Consumer Price Index, which excludes fresh food, slipped 0.2 percent from a year earlier, the government said yesterday.
The result is a tad better than Kyodo news agency's average market forecast for a 0.3 percent fall.
Deflation is one of the key -problems facing Japan's economy, which has been struggling to keep its recovery on track.
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