Japan's Tokyo Consumer Price Index (CPI) inflation rose to 2.2% YoY in May, climbing from the previous 1.8%.
Japan 's Tokyo Consumer Price Index inflation rose to 2.2% YoY in May, climbing from the previous 1.8%. May's CPI inflation in Tokyo rebounded from April's 1.8%, a 26-month low. Tokyo CPI inflation trends higher than national-level CPI inflation figures, which tend to be released three weeks after the Tokyo inflation, which serves as a preview of Japan ese inflation trends.
Generally, a high reading is seen as bullish for the Japanese Yen , while a low reading is seen as bearish. Read more. Last release: Thu May 30, 2024 23:30 Frequency: Monthly Actual: 2.2% Consensus: - Previous: 1.8% Source: Statistics Bureau of Japan Recovering CPI inflation could provide confidence in future policy adjustment expectations from the BoJ. Core Tokyo CPI inflation also rose to 1.9% from 1.6% Yoy, while 'core-core' Tokyo CPI inflation also rose 2.
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