Core consumer prices in Tokyo fell 0.3% in August from a year earlier, government data showed on Friday.
The core consumer price index for Japan’s capital, which includes oil products but excludes fresh food prices, compared with economists’ median estimate for a 0.3% annual rise.
- Tokyo CPI Ex-Fresh Food (Y/Y) Aug: -0.3% (exp 0.3%; prev 0.4%).
- Tokyo CPI Ex-Fresh Food, Energy (Y/Y) Aug: -0.1% (exp 0.4%; prev 0.6%).
Description
The Tokyo Consumer Price Index released by the Statistics Bureau is a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services, excluding fresh food. The index captures inflation in Tokyo. The purchase power of JPY is dragged down by inflation. Generally a high reading is seen as positive for the JPY.
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