According to the latest data published by the Statistics Bureau of Japan, the headline Tokyo Consumer Price Index (CPI) for September eased to 2.8%% YoY from 2.9% in the previous reading. Meanwhile, the Tokyo CPI ex Fresh Food, Energy came in at 3.8% YoY from 4.0% in August.
Additionally, Tokyo CPI ex Fresh Food eased from 2.8% to 2.5% for the said month compared to analysts’ estimations of 2.6%.
Market reaction
As of writing, the USD/JPY pair was down 0.01% on the day at 149.29.
About Tokyo Consumer Price Index (CPI)
The Tokyo Consumer Price Index is released by the Statistics Bureau and it’s a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services. The index captures inflation in Tokyo. CPI is the most significant way to measure changes in purchasing trends. The purchase power of JPY is dragged down by inflation. Generally a high reading is seen as positive.
Read the full article here
