Consumer prices fell -0.30% in April on a year over year basis, data from the ministry of Internal Affairs and Communication showed on Friday. However, the April CPI was better than what economists had penciled in, forecasting a 0.40% decline. April's CPI was lower by 0.10% from March's -0.20% decline. Within the CPI, prices for clothing increased 2.30% while recreation and education were up 2.10% and 1.40% respectively. Another gauge of CPI measured by the BoJ showed that annual inflation was at 0.90%, slipping from March and increasing likelihood of intervention.
Yellen: Rate Hikes Appropriate in Following Months
Daily Analysis - 30/05/2016