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1st LD Writethru: Japan's consumer prices rise 0.1 pct in May

Xinhua, June 26, 2015 Adjust font size:

Japan's core consumer prices rose 0. 1 percent in May from a year earlier and follow a 0.3 percent increase logged in April, marking the 24th successive month of increase, as falling prices for crude oil continues to impact the central bank's reflationary initiatives and help boost the government's overall balance sheet, the Ministry of Internal Affairs and Communications said Friday.

The ministry said the core consumer price index, which excludes volatile fresh food prices, stood at 103.4 against the 2010 base of 100, compared to 103.3 logged a month earlier, with the 0.1 percent rise in core CPI stripped of the effects of the sales tax hike in this month's reading.

A fall in oil and energy prices by 6.0 percent in May from a year earlier, with prices for gasoline most notably plummeting more than 15 percent, were counteracted by rising prices for food, excluding fresh food, the ministry said, with the gauge rising 1.6 percent.

For Tokyo's 23 wards in May, a data set widely regarded as a precursor of nationwide prices in the coming months, the core CPI rose 0.1 percent from a year earlier to 102.1 in June, compared to a 0.2 percent increase logged a month earlier, the ministry's data showed. The data set for Tokyo is available a month earlier than for the rest of the country. Endi