May 26, 2023 01:04 GMT
Japan Tokyo May 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 May, decelerating from last 3.5% increase registered in April.
- Energy costs decreased 8.2% y/y in May, dip further from the 2.6% 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 7.4% y/y, narrowing from the previous 12.8% y/y increase.
- The core-core CPI (excluding fresh food and energy) -- a key indicator of the underlying trend of inflation -- edged up 3.9% y/y in May, following last 3.8% y/y growth.
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