Japan CPI (YoY) Feb 0.4% (est 0.5%; prev 0.7%)

Ross J Burland FXStreet

Japan's Consumer Price Index data has arrived, but the reaction in markets was muted considering the strength of the US dollar and volatility overnight, not to mention that the data was pretty much in line with expectations.

Japan CPI (Y/Y) Feb 0.4% (est 0.5%; prev 0.7%).
Japan CPI Ex. Fresh Food (Y/Y) Feb 0.6% (est 0.6%; prev 0.8%).
Japan CPI Ex. Fresh Food & Energy (Y/Y) Feb 0.6% (est 0.7%; prev 0.8%).

Full report: The consumer price index for Japan in February 2020

Description

The National 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. These volatile products such as food and energy are excluded in order to capture an accurate calculation. CPI is the most significant way to measure changes in purchasing trends. The purchase power of JPY is dragged down by inflation. Generally a high reading is seen as positive for the JPY.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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