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Japanese Tokyo Consumer Price Index (CPI) inflation rose to 2.3% over the year ended in June compared to the previous period’s 2.2%. Core Tokyo CPI inflation (headline CPI inflation less volatile food prices) also rose for the same period, ticking up to 2.1% YoY compared to the previous 1.9% and climbing above the median market forecast of 2.0% YoY.<\/p>\n
Core-core Tokyo CPI (headline inflation less both food and energy prices) eased slightly in June, cooling to 1.8% YoY compared to the previous 2.2%. With core-core inflation easing and headline Tokyo CPI sticking just above two percent, it is unlikely the Bank of Japan (BoJ) will be bullied into any immediate changes to its current hyper-easy monetary policy stance.<\/p>\n
The Tokyo Consumer Price Index (CPI), released by the Statistics Bureau<\/a> of Japan on a monthly basis, measures the price fluctuation of goods and services purchased by households in the Tokyo region. The index is widely considered as a leading indicator of Japan\u2019s overall CPI as it is published weeks before the nationwide reading. The YoY reading compares prices in the reference month to the same month a year earlier. Generally, a high reading is seen as bullish for the Japanese Yen (JPY), while a low reading is seen as bearish.<\/p>\n Read more.<\/span> <\/a><\/div>\n Last release:<\/strong> Thu Jun 27, 2024 23:30 <\/span><\/p>\n Frequency:<\/strong> Monthly<\/span><\/p>\n Actual:<\/strong> 2.3%<\/span><\/p>\n Consensus:<\/strong> –<\/span><\/p>\n Previous:<\/strong> 2.2%<\/span><\/p>\n