29 March 2002, 09:27 Japan Feb nationwide CPI down 0.5 pct from Jan; down 1.6 yr-on-yr
TOKYO (AFX-ASIA) - Nationwide consumer prices in February fell 0.5
pct month-on-month after falling 0.2 pct in January, the Ministry of
Public Management, Home Affairs, Posts and Telecommunications said.
Year-on-year, nationwide CPI in February fell 1.6 pct, compared
with a 1.4 pct fall in January, the agency said.
Excluding fluctuations in fresh food prices, consumer prices fell
0.2 pct month-on-month after falling 0.5 pct in January, and fell 0.8
pct year-on-year, from a fall of 0.8 pct, it said.
Private-sector economists had forecast February CPI to come in at
between a fall of 1.2 and a fall of 1.6 pct year-on-year, with the
consensus around a fall of 1.4 pct.
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