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Japan Tokyo CPI +0.4% Y/Y

JAPAN DATA
MNI (Singapore)

The Tokyo core consumer price index (excluding fresh food) rose 0.4% y/y in July, quicker than the 0.2% y/y growth in June.

Energy costs fell 3.2% y/y following last month's 3.5% y/y drop, contributing a positive 0.02 percentage points to total Tokyo CPI.

Processed food prices rose 1.1% y/y, down from the previous 1.4% y/y gain.

Prices for household durable goods fell 0.1% y/y, a sharp improvement from June's 1.8% y/y drop.

Prices for overseas tours rose 1.3% y/y, recovering from the previous 7.1% y/y slump.

The core-core CPI (excluding fresh food and energy) -- a key indicator of the underlying trend of inflation -- rose 0.3% y/y in Tokyo in July, up from last month's 0.0% y/y.

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