27 April 2001, 03:15 Japan March nationwide CPI down 0.1 pct mth-on-mth; down 0.4 pct yr-on-yr
TOKYO (AFX-ASIA) - The nationwide consumer price index in March
fell 0.1 pct from February after falling by 0.3 pct month-on-month in
February, the Ministry of Public Management, Home Affairs, Posts and
Telecommunications said.
The March CPI declined by 0.4 pct year-on-year following a 0.1 pct
fall in February.
In March, the core CPI, excluding fluctuations in fresh food
prices, rose 0.1 pct month-on-month after declining by 0.2 pct in
February, it said.
Core CPI in March fell 0.6 pct year-on-year following a 0.6 pct
fall the previous month, marking the 18th consecutive fall and the
largest year-on-year fall on record, it said.
In March, textile product prices fell 2.8 pct from a year earlier
following a 2.2 pct fall in the previous month, while fuel product
prices rose 4.3 pct year-on-year following a 5.1 pct rise the previous
month.
The Cabinet Office said it did not notice any fundamental change to
the "somewhat weak" trend of overall prices.
In the year to March 2001, nationwide CPI declined by 0.5 pct
following a 0.5 pct fall in the previous year, the first time that the
CPI has declined for the second straight fiscal year since the ministry
began to compile the data in the present form in the year to March
1972.
The core CPI declined by 0.4 pct in the year to March 2001
following a 0. 1 pct fall the previous year, also the first time that
this index has fallen two consecutive years.
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