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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: Japan Nov Core CPI Rises 2.5% Vs. Oct's 2.9%
Japan's annual core consumer inflation rate decelerated to 2.5% y/y in November from October's 2.9%, the first slowdown in two months but remaining above the Bank of Japan's 2% target for the 20th straight month, data released by the Ministry of Internal Affairs and Communications showed on Friday.
The underlying inflation rate measured by the core-core CPI (excluding fresh food and energy) rose 3.8% y/y in November, also slowing from October's 4.0%, the third straight monthly deceleration. The negative contribution from energy items on CPI widened to -0.87 percentage points in November from -0.75 pp in October.
Prices excluding perishables rose 6.7% y/y in November, slowing from October’s 7.6%. Prices for processed foods, accounting for 15% of the total CPI and a key BOJ focus, 7.5% in November, slowing from October’s 8.6%, indicating pass-through of cost increases slowed. Services prices, another key BOJ focus used to determine the strengthen of the virtuous wage-price cycle, rose 2.3% y/y in November from October’s 2.1%.
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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.