Free Trial

MNI BRIEF: Japan's Oct Trimmed Mean Rises 3.0% Vs. Sept 3.4%

(MNI) Tokyo
(MNI) TOKYO

Japan's trimmed mean measure of underlying inflation rose 3.0% in October, slowing from a record high of 3.4% y/y in September, showing pass-through of cost increases slowed as the import prices fell for the seventh straight month, data released by the Bank of Japan on Tuesday showed.

Data released Friday showed Japan's annual core consumer inflation rate rose 2.9% y/y in October, up from September's 2.8%, the 19th straight month above the 2% target and the first acceleration in four months.

Keep reading...Show less
163 words

To read the full story

Close

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.

Japan's trimmed mean measure of underlying inflation rose 3.0% in October, slowing from a record high of 3.4% y/y in September, showing pass-through of cost increases slowed as the import prices fell for the seventh straight month, data released by the Bank of Japan on Tuesday showed.

Data released Friday showed Japan's annual core consumer inflation rate rose 2.9% y/y in October, up from September's 2.8%, the 19th straight month above the 2% target and the first acceleration in four months.

Keep reading...Show less