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MNI BRIEF: Japan's Trimmed Mean Hits Record 3.1% in Dec - BOJ

(MNI) Tokyo
(MNI) Tokyo
Policy NewsCentral Bank NewsAPACJapanBank of JapanBriefStoryRegionBank of Japan (BOJ) Market News

Japan’s trimmed mean measure of underlying inflation rose 3.1% y/y in December, a fresh record high pace as pass-through of cost increases continued, data released by the Bank of Japan on Tuesday showed.

The trimmed mean accelerated from the previous high of 2.9% in November, and comes after data released on Friday showed Japan's annual core consumer inflation rate quickened to 4.0% y/y in December, up from November’s 3.7% and the highest level since December 1981 when it rose 4.0%. (See MNI BRIEF: Japan's Dec Core CPI Rises 4%; Highest In 41 Years)

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Japan’s trimmed mean measure of underlying inflation rose 3.1% y/y in December, a fresh record high pace as pass-through of cost increases continued, data released by the Bank of Japan on Tuesday showed.

The trimmed mean accelerated from the previous high of 2.9% in November, and comes after data released on Friday showed Japan's annual core consumer inflation rate quickened to 4.0% y/y in December, up from November’s 3.7% and the highest level since December 1981 when it rose 4.0%. (See MNI BRIEF: Japan's Dec Core CPI Rises 4%; Highest In 41 Years)

Keep reading...Show less