Tokyo area May Core CPI +0.2% YoY smashes estimates of ‐0.2％
|Core consumer prices in Tokyo rose 0.2% in May from a year earlier, government data showed on Friday. The core consumer price index for Japan’s capital, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 0.2% annual fall.
Key notes
- Tokyo area May core CPI+0.2% YoY - govt (Reuters poll: ‐0.2％).
- Tokyo area May overall cpi +0.4% YoY - govt.
- Tokyo area May CPI excluding fresh food, energy prices +0.5% YoY - govt.
Description of Tokyo Consumer Price
The Tokyo Consumer Price Index released by the Statistics Bureau is a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services, excluding fresh food. The index captures inflation in Tokyo. The purchase power of JPY is dragged down by inflation. Generally a high reading is seen as positive for the JPY.
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