August 23, 2024 00:46 GMT
Japan Jul Core CPI +2.7% Y/Y; Energy Price Up
JAPAN DATA
MNI (Singapore)
- Japan's national average core consumer price index (excluding fresh food) rose 2.7% from the year earlier in July, picking up from the growth of 2.6% marked in June.
- Energy rose 12.0% y/y, up from the previous 7.7% y/y growth.
- The underlying inflation rate measured by the core-core CPI (excluding fresh food and energy) increased 1.9% y/y, slower than the 2.2% growth last month.
- Prices for ex-perishables rose 2.6% y/y, lower than the 2.8% y/y increase in June.
- Prices for household spending rose 5.2% y/y, up from the 3.9% y/y growth reported last month, and prices for accommodation increase 10.3% y/y, down from the previous 19.9% rise.
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