CPI deflation in Japan will strengthen

I've borrowed this table from Japan Statistics. Considering the fact that only the price of fuel and transportation has been rising, one can interpret the current fall in oil price as a cause of the overall price drop in the months to come. Price deflation  is strengthening.


Table 1 Japan, February 2013

	Index	Monthly Change(%)	Annual Change(%)
(10 Major Group Index)
All items	99.2	-0.2	-0.7
(All items, less imputed rent)	99.2	-0.2	-0.7
Food	99.3	-1.0	-1.8
Housing	99.2	0.0	-0.4
Fuel, light and water charges	108.7	0.1	3.0
Furniture and household utensils	89.9	0.7	-3.8
Clothes and footwear	95.5	-0.9	-0.5
Medical care	98.0	0.0	-0.5
Transportation and communication	101.9	0.6	0.9
Education	98.5	0.1	0.4
Culture and recreation	92.1	0.0	-2.8
Miscellaneous	103.4	0.2	-0.1
All items, less fresh food	99.2	0.1	-0.3
All items, less food (less alcoholic beverages) and energy	97.6	0.0	-0.9
(Goods and Service Group Index)
Goods	98.7	-0.3	-1.3
Services	99.6	0.0	-0.1