Japan remains mired in deflation. The government reported a 1.1% drop for their July core consumer price index (excluding fresh food). This marks the 17th drop in a row. Japan’s overall consumer price index fell 0.9% as well, continuing an 18-month deflation streak. Note it also fell 0.5% vs. the previous month.
Any way you slice it, Japan continues to experience deflation.
Here’s the latest July breakdown from the official release:
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