JN Tokyo Core CPI y/y
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to tighten monetary policy out of respect for their inflation containment mandate;
Tokyo is Japan's most populated city and releases CPI data a month ahead of National CPI. This early data is thought to be the most important consumer inflation release. The impact tends to be mild but varies from month to month;
- JN Tokyo Core CPI y/y Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 27, 2024 | 2.1% | 2.0% | 1.9% |
May 30, 2024 | 1.9% | 1.9% | 1.6% |
Apr 25, 2024 | 1.6% | 2.2% | 2.4% |
Mar 28, 2024 | 2.4% | 2.4% | 2.5% |
Mar 4, 2024 | 2.5% | 2.5% | 1.8% |
Jan 25, 2024 | 1.6% | 1.9% | 2.1% |
Jan 8, 2024 | 2.1% | 2.1% | 2.3% |
Dec 4, 2023 | 2.3% | 2.4% | 2.7% |
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- JN Tokyo Core CPI y/y News
- From bnnbloomberg.ca|Jun 23, 2024
The Federal Reserve’s favored inflation yardsticks are poised to show the tamest monthly advances since late last year — a stepping stone for officials to begin lowering interest rates, possibly as soon as September. Economists expect no change in the May personal consumption expenditures price index and a minimal 0.1% gain in the core measure that excludes food and energy, based on median projections in a Bloomberg survey of economists. The report, due Friday, is also projected to show 2.6% annual advances in both the overall and ...
- From xm.com|Jun 21, 2024
Although the Fed’s updated dot plot pointed to only one quarter-point reduction by the end of the year, the softer-than-expected CPI numbers a few hours ahead of last week’s decision did not convince market participants about officials’ intentions. The weaker-than-expected retail sales numbers this week corroborated that view. Indeed, according to Fed funds futures, investors are penciling in around 50bps worth of reductions by the end of the year, assigning around a 70% probability for the first cut to be delivered in September.With ...
- From bnnbloomberg.ca|May 30, 2024
Inflation in Tokyo accelerated in May, keeping the Bank of Japan largely on track to consider a rate hike in coming months even as the economy continues to show signs of weakness. Consumer prices excluding fresh food rose 1.9% in May in the capital, ministry of internal affairs data showed Friday. The result, which matched economists’ consensus estimate, was largely driven by utility costs related to renewable energy surcharges. The Tokyo inflation figures typically serve as a leading indicator for national trends. That suggests a ...
- From asia.nikkei.com|Apr 25, 2024
Core inflation in Japan's capital slowed for a second month in April to fall below the central bank's 2% target, data showed on Friday, complicating its decision on how soon to raise interest rates. The reading comes just hours ahead of the conclusion of the Bank of Japan's two-day policy meeting, where the board is set to keep interest rates steady and produce fresh quarterly inflation projections through early 2027. The core consumer price index in Tokyo, a leading indicator of nationwide figures, increased 1.6% in April from a ...
- From channelnewsasia.com|Apr 25, 2024
Core inflation in Japan's capital slowed for a second month in April to fall below the central bank's 2 per cent target, data showed on Friday, complicating its decision on how soon to raise interest rates. The reading comes just hours ahead of the conclusion of the Bank of Japan's two-day policy meeting, where the board is set to keep interest rates steady and produce fresh quarterly inflation projections through early 2027. The core consumer price index (CPI) in Tokyo, a leading indicator of nationwide figures, increased 1.6 per ...
- From channelnewsasia.com|Mar 28, 2024
Core inflation in Japan's capital slowed in March and factory output unexpectedly slid in the previous month, heightening uncertainty on how soon the Bank of Japan can raise interest rates again after exiting its radical monetary stimulus. Core consumer price index (CPI) in Tokyo, an early indicator of nationwide figures, rose 2.4 per cent in March from a year earlier, matching a median market forecast and slowing slightly from a 2.5 per cent gain in February. A separate index that excludes the effect of both fresh food and fuel ...
- From bnnbloomberg.ca|Oct 26, 2023|1 comment
Consumer price growth in Tokyo unexpectedly quickened for the first time in four months in October, indicating that inflation is proving stickier than expected as the Bank of Japan prepares to set policy next week. Consumer prices excluding fresh food rose 2.7% in the capital, with growth accelerating from 2.5% in September as hotel prices shot up and electricity subsidies were pared back, figures from the ministry of internal affairs showed Friday. Service prices rose 2.1%, the fastest clip since early 1994, excluding years when ...
- From marctomarket.com|Sep 23, 2023
The most important outcome of the last week's flurry of central bank meetings was the median forecast of Fed officials for 50 bp less in cuts next year than it had anticipated in June as it revised up its growth forecasts for this year and next. The prospect for higher rates for pushed equities lower. Sterling and the Swiss franc were the weakest currencies in the G10 last week, falling by a little more than 1.1%. Both central banks did not hike rates to the surprise of many. Norway more than Sweden held out the possibility of ...
Released on Jun 27, 2024 |
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Released on May 30, 2024 |
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Released on Apr 25, 2024 |
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Released on Mar 28, 2024 |
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Released on Oct 26, 2023 |
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Released on Sep 28, 2023 |
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