Japan inflation: National CPI comes in at 2.2% YoY in January vs. 2.6% prior
|Japan’s National Consumer Price Index (CPI) for January came in at 2.2% YoY from 2.6% in December, according to the latest data released by the Japan Statistics Bureau on Tuesday.
Further details unveil that the National CPI ex Fresh food arrived at 2.0% YoY in January versus 2.3% prior.
Market reaction
Following the Japan inflation data, the USD/JPY pair is down 0.05% on the day at 150.62.
About Japan’s National CPI
Japan’s National Consumer Price Index (CPI), released by the Statistics Bureau of Japan on a monthly basis, measures the price fluctuation of goods and services purchased by households nationwide. 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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.