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Japan June Inflation Accelerated; +2.2% Y/Y

JAPAN DATA
MNI (Singapore)
  • Japan's national average core consumer price index (excluding fresh food) rose 2.2% from the year earlier in June, faster than the 2.1% growth marked in May, marking the eleventh increasing month.
  • Energy rose 16.5% y/y, sliding from the previous 17.1% y/y growth. contributing 1.23 percentage points to CPI.
  • The underlying inflation rate measured by the core-core CPI (excluding fresh food and energy) increased 1.0% y/y, expanding from the 0.8% decrease last month.
  • Prices for ex-perishables rose 3.2% y/y, following last 2.7% y/y increase.
  • Prices for household spending rose 7.5% y/y, up from the 7.4% y/y growth reported in May, and prices for accommodation rose 3.6% y/y, slower than the previous 5.2%.

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