November 29, 2024 00:06 GMT
JAPAN DATA: Japan Tokyo Nov Core CPI +2.2% Y/Y; Energy Cost Up
JAPAN DATA
- The core consumer price index (excluding fresh food) in the Tokyo area, a leading indicator of the national average, registered a 2.2% increase in November, up from the 1.8% growth in October.
- Energy costs increased 7.4% y/y in November, accelerating from the 2.5% y/y rise last month.
- Processed food prices rose 4.0% y/y, up from the 3.8% y/y increase last month.
- Prices for household durable goods increased 8.8% y/y, following the previous 8.4% y/y increase.
- The core-core CPI (excluding fresh food and energy) -- a key indicator of the underlying trend of inflation -- rose 1.9% y/y in November, quicker than the 1.8% y/y registered previously.
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