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Japan Tokyo Jul Core CPI +2.2% 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 2.2% increase in July, up from the 2.1% growth in June.
  • Energy costs increased 14.5% y/y in July, accelerating from the 7.5% y/y rise last month.
  • Processed food prices rose 2.6% y/y, down from the 3.0% y/y increase last month.
  • Prices for household durable goods increased 7.9% y/y, following the previous 7.8% y/y increase.
  • The core-core CPI (excluding fresh food and energy) -- a key indicator of the underlying trend of inflation -- rose 1.5% y/y in July, down from last 1.8% y/y growth.
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