Japan's consumer price index rises fastest in more than 16 years

Japan's economic indicators on Friday showed the fastest rise of the nation's consumer price index (CPI) in more than 16 years, a slowing down of household spending, a slightly better unemployment rate and stronger industrial output data for July, the dpa reported. Japan's core consumer price index (CPI) grew 2.4 per cent in July from a year before, marking the 10th straight monthly rise, the Ministry of Internal Affairs and Communications said Friday. The CPI growth, which was faster than the average market expectation of a 2.3-per-cent rise, was mainly due to surging oil prices, the government said. The core CPI, without fresh food prices, stood at 102.4 against 100 for the base year of 2005. Meanwhile, monthly household spending, which accounts for about half of Japan's gross domestic product, fell a real 0.5 per cent in July from a year earlier to 298,366 yen (2,729 dollars), the government said. The monthly income of wage-earning households dropped 3.5 per cent to 587,732 yen. The nation's unemployment rate recovered by 0.1 point to 4 per cent in seasonally adjusted terms, compared to a month before. Some 2.56 million people were jobless in July, when there were 89 jobs available for every 100 job seekers. The number of job offers fell 1.9 per cent, however, while the number of job seekers grew 0.7 per cent from the previous month, the labor ministry said. The government also released the nation's industrial production for July, which grew a seasonally adjusted 0.9 per cent from the previous month. The output data, which came out better than a 2.2-per-cent drop in June, was helped by a boost in exports of cars and trucks, the report said. The index of output at mines and factories stood at 107.9 against 100 for the base of 2005. Auto exports to Europe, the Middle East and other Asian nations are increasing, according to the ministry officials. Transport equipment was the largest contributor for the output expansion in July, followed by electrical machinery, non-ferrous metal, and iron and steel. The index of industrial shipments rose 1.6 per cent to 108.6. But the Ministry of Internal Affairs and Communications expected output from manufacturers to fall 2.9 per cent in August.

Subscribe to Trend in Google News! Subscribe
Israel sticks with 4th vaccine shot, sees Omicron wave waning in a week
Israel sticks with 4th vaccine shot, sees Omicron wave waning in a week
Israel reduces COVID-19 quarantine to keep economy going
Israel reduces COVID-19 quarantine to keep economy going
Israel's unemployment rate drops to 6, lowest since plagued by COVID-19
Israel's unemployment rate drops to 6, lowest since plagued by COVID-19
Loading Bars
Latest
Row house explosion in New York City leaves one dead, eight injured
Oyo Hotels targets $9-billion valuation in IPO; may get Sebi nod soon
British PM Johnson denies lying about lockdown party
Silvio Berlusconi Is Considering Dropping His Bid to Be Italy’s President
5 injured as passenger train derails after being hit by explosion in SW Pakistan
US telecom companies pause some new 5G after airlines raise alarm
N.Korea tested tactical guided missiles in fresh sign of evolving arsenal
Azerbaijani MFA commented on statement of French Minister in National Assembly of this country
Goranboy regional prosecutor's office launches investigation into resident hitting mine
Resident of Azerbaijani Goranboy region hits mine
Erdogan receives Serbia's Vucic to discuss ties, Balkans
Azerbaijan shares data on number of vaccinated citizens
Iran preparing plans on gas extraction from territory of Iranian Central Oil Fields Company
Azerbaijan confirms 930 more COVID-19 cases, 703 recoveries
Uzbekistan introduces new mechanisms to support its capital market
President Ilham Aliyev calls President Vladimir Putin
Kazakhstan launches investigative procedures against wholesalers of liquefied gas
Money transfers from Georgia up
Price indexes of construction, trade sectors at Uzbek stock exchange rise
Kazakh crude production inches up - OPEC
Uzbekistan sells number of its large enterprises as part of privatization program
Russian Economy Ministry unveils priority spheres for co-op with Azerbaijan
Kazakhstan approves operational action plan to stabilize internal socio-economic situation
Baku residents express their gratitude to President Ilham Aliyev for highly appreciating activity of Haji Zeynalabdin Taghiyev (PHOTO/VIDEO)
Azerbaijan Gymnastics Federation holds general meeting (PHOTO)
Overall index of Tehran Stock Exchange drops on Jan. 18
Uzbekistan reveals volume of mortgage loans issued in 2021
Expenses of Turkish citizens in Georgia increase
SOFAZ’s budget revenues up
ANAMA talks heavily mined Azerbaijan's territories
SOFAZ sees significant increase in revenues from oil & gas agreements
Georgia reveals its major motor oil supplying countries
Azerbaijan’s State Oil Fund sees increase in assets
Growth of Azerbaijan's non-oil sector reaches all-time high
Chief of General Staff of Azerbaijani Army meets with Bulgarian delegation (PHOTO)
Iran’s Bahar Azadi gold coin price rebounds
FAO eyes another Partnership Programme on Food and Agriculture project in Turkmenistan
Azerbaijan to see increase in asylum seekers - deputy chairman of Supreme Court
Central Bank of Azerbaijan works consistently to curb inflation
Iran unveils amount of honey gathered countrywide
Kazakhstan’s Atyrau Oil Refinery to buy gaseous nitrogen via tender
Kazakhstan's economic growth is expected to accelerate in 2022 - Renaissance Capital
New military facilities commissioned in Azerbaijani liberated territories (PHOTO/VIDEO)
Azerbaijan increases marketable oil and gas production
Russia starts manufacturing reactor for Kudankulam nuclear power plant
Number of foreigners receives labour permits in Azerbaijan - State Migration Service
Azerbaijan eyes to raise quota for issuing labor permits to foreigners this year - State Migration Service
India at UNSC: Looking forward to Sudan's successful completion of transition phase
Uzbekistan notes growth in macroeconomic indicators
Jaishankar speaks with EU counterpart, discusses Afghanistan, Myanmar
OPEC expects Azerbaijan to boost oil output in 2022
UK regulator fines Mastercard, others for prepaid cards cartel
PM Modi: Best time to invest in India, multilateral institutions need reforms
Ministry unveils number of companies with Russian capital in Azerbaijan
Azerbaijani citizens without COVID-19 passports won't be allowed to buy tickets for bus trips to liberated lands
Azerbaijan creates website for trips to liberated Karabakh
Iran strikes deal with Romania for export of technical, engineering services
No mine threat in Azerbaijan's Shusha - ANAMA
Gas transportation through South Caucasus Pipeline increases
Azerbaijan plans to demine tens of thousands of hectares of liberated territories - ANAMA
USAID’s support can increase foreign direct investment in Turkmenistan - official
UNHCR thanks Azerbaijan
Indian Prime Minister delivers ‘State of World’ special address at World Economic Forum’s Davos Agenda
Largest philanthropist not only in Azerbaijan, but also in South Caucasus is Heydar Aliyev Foundation - President Ilham Aliyev
Kazakhstan discloses systematic measures to reduce inflation rate
Baku-Tbilisi-Ceyhan's oil transportation from Azerbaijan down
I was offered few alternative locations for statue, and I chose this place, because it is place worthy of name of Zeynalabdin Taghiyev - president
Kazakhstan's President Tokayev to be elected chairman of Nur Otan party soon - First President of Kazakhstan
By sending hundreds of students to Russia and Europe, Haji Zeynalabdin Taghiyev clearly thought about future - President Ilham Aliyev
As result of Heydar Aliyev Foundation's activities, Azerbaijan is better known, and it was this factor that helped us during Second Karabakh War - President Ilham Aliyev
Today, Heydar Aliyev Foundation faces new tasks - President Ilham Aliyev
Sinopec gets first LNG cargo under new deal with Qatar
Brent to breach $100/bbl as demand weathers virus surge- Goldman Sachs
Azerbaijan ranks among top aviation fuel exporters to Georgia
I'm on deserved rest in capital and haven't left anywhere - first president of Kazakhstan
Iran reveals COVID-19 data for January 18
Russia documents 31,252 daily COVID-19 cases, highest number since December 6
USAID supports Turkmen government and local partners to improve securities market
Websites that will make the work of Graphic Designers easier
UNHCR discloses number of Azerbaijani refugees provided with legal assistance before Second Karabakh War (PHOTO)
Production of Iran's Khorasan Steel Company increases
National Iranian Oil Company to take steps on development of North Pars gas field
Azerbaijan fils lawsuits against Armenia to European Court of Human Rights
Non-OPEC crude oil supply to continue upward trend by 2023
Visitors from Azerbaijan to Georgia spend less in 2021 - NBG
Europe to see increase in jet fuel demand – JP Morgan
Iran’s NISOC announces date for launch of extraction from Kish gas field
Israel sticks with 4th vaccine shot, sees Omicron wave waning in a week
Uzbek Central Bank shares data on volume of reserve assets and gold reserves
Azerbaijani public representatives send appeal to French President
Iran's economic growth improves - CBI
Oil demand set to rise by 2023, says JP Morgan
Central Bank of Iran discloses amount of loans issued for agricultural sector
Azerbaijan increases wine imports from Georgia
Epsilon obtains industrial gas inflow from new well at field in Uzbekistan
AFAB Cataract Campaigns on Int’l Day of Elderly in Niger (FOTO)
JP Morgan expects Azerbaijan’s oil output to decline in 2022-2023
Amount of loans issued by Iranian banks soars
NIOC intends to extract gas from Iran-Saudi Arabia joint Farzad B gas field
Azerbaijani FM leaves for Austria on working visit
All news