Back
28 Feb 2014
Tokyo inflation up, nationwide prices stabilize
FXStreet (Bali) - Japan's national CPI y/y for January came at 1.4% vs 1.3% exp and 1.6% last, with CPI excluding Fresh Food at 1.3% vs 1.3% exp and 1.3% last, and CPI excluding Food, Energy at +0.7% vs 0.7% exp and 0.7% last.
The Tokyo CPI y/y for February (more updated) came at 1.1% vs 1.0% exp and 0.7% last, with CPI excluding Fresh Food at +0.9% vs 0.8% exp and 0.7% last, while CPI excluding Food, Energy came at +0.5% vs 0.3% exp and 0.3% last.
The inflation data is very encouraging as all Tokyo parameters came above previous readings while nationwide the data was less spectacular, with prices stabilizing around the same levels. Overall, the price levels should satisfy BoJ's expectations as Japan continues its fight to establish sustained 2% inflation in the country.
In other indicators, overall household spending y/y for January came at +1.2% vs 0.5% exp and 0.7% last, with the jobless rate for January at +3.7% vs 3.7% exp and 3.7% last, while job-to-applicant ratio for January was 1.04 vs 1.04 exp and 1.03 last.
The Tokyo CPI y/y for February (more updated) came at 1.1% vs 1.0% exp and 0.7% last, with CPI excluding Fresh Food at +0.9% vs 0.8% exp and 0.7% last, while CPI excluding Food, Energy came at +0.5% vs 0.3% exp and 0.3% last.
The inflation data is very encouraging as all Tokyo parameters came above previous readings while nationwide the data was less spectacular, with prices stabilizing around the same levels. Overall, the price levels should satisfy BoJ's expectations as Japan continues its fight to establish sustained 2% inflation in the country.
In other indicators, overall household spending y/y for January came at +1.2% vs 0.5% exp and 0.7% last, with the jobless rate for January at +3.7% vs 3.7% exp and 3.7% last, while job-to-applicant ratio for January was 1.04 vs 1.04 exp and 1.03 last.