May 26, 2011 / 11:39 PM / 9 years ago

Japan April core CPI rises 0.6 pct yr/yr

(For more stories on the Japanese economy click [ID:nECONJP])

TOKYO, May 26 (Reuters) - Japan’s core consumer prices rose 0.6 percent in April from a year earlier, data by the Internal Affairs ministry showed on Friday, posting the first annual rise in more than two years due partly to higher commodity costs.

The so-called core-core inflation index, which excludes food and energy prices and is similar to the core index used in the United States, fell 0.1 percent in April from a year earlier, smaller than a 0.7 decline in the year to March.

The rise in the core consumer price index, which includes oil products but excludes volatile prices of fresh fruit, vegetables and seafood, matched a median market forecast for a 0.6 percent rise and followed a 0.1 percent fall in March.

The rise also reflected the base effect of the scrapping of high school tuition a year earlier that pushed down prices by about 0.5 percentage point.

Core consumer prices in Tokyo, available a month before the nationwide data, rose 0.1 percent in May from a year earlier, slightly slower than a 0.2 percent annual rise in April and the market forecast for a 0.2 percent increase. (Reporting by Rie Ishiguro and Stanley White; Editing by Edmund Klamann)

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