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Japan Tokyo Inflation Eased to +3.3% Y/Y In February

JAPAN DATA
MNI (Singapore)
  • The core consumer price index (excluding fresh food) in the Tokyo area, a leading indicator of the national average, rose 3.3% in February, eased from the 4.3% increase registered in January.
  • Energy costs increased 5.3% y/y in February, quickly down from the 26.0% y/y growth last month.
  • Processed food prices edged up 7.8% y/y, up from last 7.4% y/y growth.
  • Prices for household durable goods increased 14.4% y/y, expanding from the previous 10.6% y/y increase.
  • The core-core CPI (excluding fresh food and energy) -- a key indicator of the underlying trend of inflation -- edged up 3.2% y/y in February, following last 3.0% y/y growth.
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