Tokyo CPI for July 2024
Excluding Fresh Food & Energy 1.5% y/y
expected 1.6%, prior 1.8%
Excluding Fresh Food 2.2% y/y
expected 2.2%, prior 2.1%
Headline CPI 2.2%
expected 2.3%, prior 2.3%
USD/JPY fell earlier:
USD/JPY on the move in early Asia
Not a lot of change since then:
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Tokyo area inflation data:
National-level CPI data for this month will follow in about three weeks, it takes longer to gather and collate the national data.Tokyo CPI is a sub-index of the national CPIIt measures the change in prices of goods and services in the Tokyo metropolitan areaIts considered a leading indicator of national CPI trends because Tokyo is the largest city in Japan and is a major economic hubHistorically, Tokyo CPI data has been just slightly higher than national Japan CPI data. The cost of living in Tokyo is a touch higher than in most other parts of Japan. Higher rents, for example
This article was written by Eamonn Sheridan at www.forexlive.com.
