December 27, 2024 00:00 GMT
JAPAN DATA: Japan Tokyo Dec Core CPI +2.4% 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 2.4% increase in December, up from the 2.2% growth in November.
- Energy costs increased 13.5% y/y in December, accelerating from the 7.4% y/y rise last month.
- Processed food prices rose 4.0% y/y, unchanged from the growth last month.
- Prices for household durable goods increased 7.3% y/y, lower than the previous 8.8% y/y increase.
- The core-core CPI (excluding fresh food and energy) -- a key indicator of the underlying trend of inflation -- rose 1.8% y/y in December, slower than the 1.9% y/y registered previously.
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