Tokyo area May Core CPI +0.2% YoY smashes estimates of ‐0.2％

Ross J Burland FXStreet

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.

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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