Japan Inflation: Tokyo Consumer Price Index rises by 1.8% YoY in October vs. 2.2% prior

Haresh Menghani FXStreet

The headline Tokyo Consumer Price Index (CPI) for October rose 1.8% YoY as compared to 2.2% in the previous month, the Statistics Bureau of Japan showed on Friday. Meanwhile, the Tokyo CPI ex Fresh Food, Energy came in at 1.8% vs. 1.6% in September. Additionally, Tokyo CPI ex Fresh Food increased 1.8% in October against 1.7% expected and down from 2% in the prior month.

Market Reaction

The data does little to influence the Japanese Yen (JPY) or provide any meaningful impetus to the USD/JPY pair, which is currently placed just below the 152.00 round-figure mark.

(This story was corrected on October 25 at 02:35 GMT to say that Tokyo CPI ex Fresh Food increased 1.8% in October against 1.7% expected and down from 2% in the prior month, not from 1.6% to 1.8%)

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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