US EditionTokyo Inflation Eases as Energy Costs Cool Ahead of Election
6 Articles
6 Articles
The underlying inflation in Tokyo slowed down in June due to temporary cuts in utility bills, but remained above the Bank of Japan’s target of 2%. According to the original report, Tokyo’s Consumer Price Index (CPI), excluding volatile fresh food costs, increased by 3.1% compared to the previous year, slightly below the market forecast of 3.3%. Food Cost PressureThe price of food, excluding volatile items such as vegetables, increased by 7.2% in…
Tokyo core inflation slows to 3.1% in June, but food costs still surging - Action Forex
Tokyo’s core CPI (ex-fresh food) slowed more than expected in June, coming in at 3.1% yoy versus 3.6% yoy in May and below forecasts of 3.4% yoy. The decline was largely driven by the resumption of fuel subsidies and temporary reductions in utility charges. Core-core CPI, which strips out both fresh food and energy, also […] The post Tokyo core inflation slows to 3.1% in June, but food costs still surging appeared first on Action Forex.
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