- Japan inflation: National CPI improves to 3.3% YoY in October vs. 2.8% prior
Noticias del mercado
Japan inflation: National CPI improves to 3.3% YoY in October vs. 2.8% prior
Japan’s National Consumer Price Index (CPI) for October came in at 3.3% YoY from 2.8% in September, according to the latest data released by the Japan Statistics Bureau on Friday,
Further details unveil that the National CPI ex Fresh Food climbed to 2.7% YoY in October versus 2.5% prior.
Market reaction
Following the Japan inflation data, the USD/JPY pair is down 0.02% on the day at 150.37.
About Japan’s National CPI
The National 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. 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 for the JPY.
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer