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.