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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMNI BRIEF: Energy, Accommodations Lift Sept Tokyo Core CPI
The Tokyo core inflation rate rose 0.1% y/y in September on higher energy price and accommodations, marking the first y/y gain in 14 months after being unchanged in August, data from the Ministry of Internal Affairs and Communications showed on Tuesday.
The core-core CPI (excluding fresh food and energy) -- a key indicator in the underlying trend of inflation – fell 0.1% y/y in September following -0.1% in August.
Prices for energy items rose 4.4% y/y in September, accelerating from +0.9% in August. Prices for accommodations rose 43.1% y/y in September vs. +46.6 in August due to the base effects of weaker prices last year caused by the government Go To Travel campaign.
Meanwhile, prices for communications fell 44.8% y/y in September, unchanged from August. Processed food prices in Tokyo, which the BOJ officials are focused on, rose 0.4% in September after being unchanged in August, see: MNI INSIGHT: Tankan Supports BOJ Econ Views; High Costs Eyed.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.