Japan core CPI rises 0.7 pct year/year in September


TOKYO, Oct 25 (Reuters) - Japan's core consumer prices rose0.7 percent in September from a year earlier, staying near thefastest growth in almost five years, government data showed onFriday, in a sign that the economy is heading towards the end ofdeflation.

The rise in the core consumer price index, which includesoil products but excludes volatile prices of fresh food, matcheda median forecast by economists, the data from the Ministry ofInternal Affairs and Communications showed.

It was the fourth straight month of gains. It followed a 0.8percent increase in August, which was the fastest pace sinceNovember 2008, when it rose 1 percent.

The so-called core-core inflation index, which excludes foodand energy prices and is similar to the core index used in theUnited States, was flat in September compared with a yearearlier. The core-core CPI stopped falling for the first timesince December 2008.

Core consumer prices in Tokyo, available a month before thenationwide data, rose 0.3 percent in October from the yearbefore, also matching the median market forecast.

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