TOKYO, Aug. 25 (Xinhua) — Core inflation in Tokyo slowed in August for the second straight month as power costs fell, authorities knowledge confirmed on Friday.
The Tokyo core client value index, which excludes risky recent meals however consists of gas prices, rose 2.8 % in August from a 12 months earlier, slowing from a 3.0 % rise in July, in response to the inner affairs ministry.
The knowledge for Tokyo, which is seen as a number one indicator of nationwide traits, remained properly above the Bank of Japan’s 2-percent goal for the fifteenth straight month.
Lower gas costs pushed down power prices, with electrical energy payments dropping 22 % and gasoline 14 %.
Meanwhile, costs of meals excluding recent objects soared nearly 9 %.