Japan’s National CPI climbs 2.0% YoY in July, Core CPI rises as expected
Japan’s National Consumer Price Index (CPI) climbed by 2.0% YoY in July, compared to the previous reading of 1.7%, according to the latest data released by the Japan Statistics Bureau on Friday.
Japan's overall Consumer Price Index (CPI) increased by 2.0% year-over-year in July, up from 1.7% in the previous month, according to official statistics released by the Japan Statistics Bureau. The National CPI, excluding fresh food, rose by 1.8% YoY, matching market expectations. The figures indicate an uptick in inflation, as measured by the Consumer Price Index.
Core inflation, which excludes volatile food and fuel prices, is the primary metric that central banks monitor, as it is their target for maintaining price stability.
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Also reported by 3 other outlets
- Japan core inflation accelerates to 1.8 pct in July news.rthk.hk
- Japan’s July core inflation accelerates to 1.8% freemalaysiatoday.com
- Japan's core inflation accelerates in July, bolsters case for rate hike channelnewsasia.com
