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Japan Tokyo August CPI Quickened; +2.6% 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 for the 13th month by 2.6% in August, faster than the 2.3% growth registered in July.
  • Energy costs increased 25.6% y/y, accelerating from last 23.5% y/y increase.
  • Processed food prices edged up 3.8% y/y, quicker than last 3.6% y/y growth.
  • Prices for household durable goods increased 4.2% y/y, down from the previous 4.3% y/y increase.
  • The core-core CPI (excluding fresh food and energy) -- a key indicator of the underlying trend of inflation -- edged up 1.4% y/y in August, up from 1.2% y/y growth registered in July.
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