Breaking: Japan’s Tokyo CPI inflation climbs 2.8% in October
The headline Tokyo Consumer Price Index (CPI) for October rose 2.8% YoY as compared to 2.7% in the previous month, the Statistics Bureau of Japan showed on Friday.
In Tokyo, the Consumer Price Index (CPI) for October increased by 2.8% compared to the same period last year, according to the latest statistics from Japan's Statistics Bureau. This marks a 2.8% year-on-year rise, up from the previous month's 2.7% increase. Excluding fresh food and energy prices, the CPI for Tokyo rose by 2.6% year-on-year in October, aligning with market expectations and 2.7% in the previous month.
Energy prices saw a 2.4% year-on-year increase in October, down from the previous 2.7% (revised from 3.0%). Despite the inflation data, the Japanese Yen (JPY) showed a slight decline, with the USD/JPY pair dropping 0.06% to 157.72 as of the reporting date.
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