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Japan Tokyo Inflation Accelerates to +4.0% Y/Y In December

JAPAN DATA
MNI (Singapore)
  • The core consumer price index (excluding fresh food) in the Tokyo area, a leading indicator of the national average, rose for the 17th month by 4.0% in December, faster than the 3.6% growth registered in November.
  • Energy costs increased 26.0% y/y in December, faster than the 24.4% y/y growth last month.
  • Processed food prices edged up 7.5% y/y, quicker than last 6.7% y/y growth.
  • Prices for household durable goods increased 11.0% y/y, down from the previous 11.5% y/y increase.
  • The core-core CPI (excluding fresh food and energy) -- a key indicator of the underlying trend of inflation -- edged up 2.7% y/y in December, following last 2.4% y/y growth.
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