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Japan Tokyo April CPI Up; +1.9% 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 quickly in April by 1.9% y/y, following the previous 0.8% increase.
  • Energy costs increased 24.6% y/y, decelerating from last 26.1% y/y increase.
  • Processed food prices edged up 2.3% y/y, quicker than last 1.6% y/y growth.
  • Prices for household durable goods increased 5.5% y/y, much up from the previous 1.1% y/y drop.
  • The core-core CPI (excluding fresh food and energy) -- a key indicator of the underlying trend of inflation -- edged up 0.8% y/y in March, offsetting the 0.4% y/y fall registered in March.

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