March 05, 2024 00:56 GMT
Japan Tokyo Feb Core CPI +2.5% Y/Y
JAPAN DATA
MNI (Singapore)
- The core consumer price index (excluding fresh food) in the Tokyo area, a leading indicator of the national average, registered a 2.5% increase in February, quickly up from the 1.8% growth in January.
- Energy costs decreased 7.9% y/y in February, improving from the 20.1% y/y drop last month.
- Processed food prices rose 5.0% y/y, lower than the previous 5.7% y/y increase.
- Prices for household durable goods increased 0.7% y/y, following the previous 0.9% y/y increase.
- The core-core CPI (excluding fresh food and energy) -- a key indicator of the underlying trend of inflation -- rose 3.1% y/y in February, slower from last 3.3% y/y growth.
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