Tokyo area July inflation data: Headline 2.2% y/y (prior 2.3%)Tokyo CPI for July 2024
Excluding Fresh Food & Energy 1.5% y/y
- expected 1.6%, prior 1.8%
Excluding Fresh Food 2.2% y/y
- expected 2.2%, prior 2.1%
Headline CPI 2.2%
- expected 2.3%, prior 2.3%
USD/JPY fell earlier:
Not a lot of change since then:
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Tokyo area inflation data:
- National-level CPI data for this month will follow in about three weeks, it takes longer to gather and collate the national data.
- Tokyo CPI is a sub-index of the national CPI
- It measures the change in prices of goods and services in the Tokyo metropolitan area
- Its considered a leading indicator of national CPI trends because Tokyo is the largest city in Japan and is a major economic hub
- Historically, Tokyo CPI data has been just slightly higher than national Japan CPI data. The cost of living in Tokyo is a touch higher than in most other parts of Japan. Higher rents, for example
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Tokyo area July inflation data: Headline 2.2% y/y (prior 2.3%) (https://www.forexlive.com/news/tokyo-area-july-inflation-data-headline-22-yy-prior-23-20240725/)
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