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Japan Tokyo Jun Inflation +3.2% 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, rose 3.2% in June, up from the 3.1% growth in May.
  • Energy costs decreased 6.9% y/y in June, narrowing from the 8.2% y/y drop last month.
  • Processed food prices edged up 8.9% y/y, the same as the increase marked last month.
  • Prices for household durable goods increased 3.7% y/y, down from the previous 7.4% y/y increase.
  • The core-core CPI (excluding fresh food and energy) -- a key indicator of the underlying trend of inflation -- edged up 3.8% y/y in June, following last 3.9% y/y growth.

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