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Japan May Core CPI +2.5% Y/Y; Energy Price Surges

JAPAN DATA
MNI (Singapore)
  • Japan's national average core consumer price index (excluding fresh food) rose 2.5% from the year earlier in May, accelerating from the growth of 2.2% marked in April.
  • Energy rose 7.1% y/y, largely improving from the previous 0.1% y/y growth.
  • The underlying inflation rate measured by the core-core CPI (excluding fresh food and energy) increased 2.1% y/y, slowing down from the 2.4% growth last month.
  • Prices for ex-perishables rose 3.2% y/y, lower than the 3.5% y/y increase in April.
  • Prices for household spending rose 1.9% y/y, up from the 0.5% y/y growth reported last month, and prices for accommodation increase 14.7% y/y, down from the previous 18.8% rise.
Data BulletDataHomepagemarkets-real-timeBulletBank of Japan (BOJ) Market News

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