27 Dec 2013
Japan's inflation numbers keep ticking up
FXstreet.com (Bali) - The latest series of Japanese inflation figure continued to show signs of price pressures both in Tokyo and nationwide.
The national CPI y/y for November saw a 1.5% increase vs 1.5% expected and 1.1% last, while excluding fresh food (core) stood at 1.2% vs 1.1% expected and 0.9% last. Excluding fresh food and energy, the number came at 0.6% vs 0.3% last.
In Tokyo area, CPI y/y for December saw +0.9% vs 0.9% expected and 0.9% last, while excluding fresh food y/y for December came at 0.7% vs 0.7% expected and +0.6% last. The CPI excluding fresh food and energy came at 0.3% vs 0.2% last.
The results are certainly satisfactory end of year news for the Bank of Japan's main mandate, which aims to establish sustained 2% inflation in the country. That being said, if one looks at the core and core/core reads (excluding fresh food and energy), there is still a long road ahead.
The national CPI y/y for November saw a 1.5% increase vs 1.5% expected and 1.1% last, while excluding fresh food (core) stood at 1.2% vs 1.1% expected and 0.9% last. Excluding fresh food and energy, the number came at 0.6% vs 0.3% last.
In Tokyo area, CPI y/y for December saw +0.9% vs 0.9% expected and 0.9% last, while excluding fresh food y/y for December came at 0.7% vs 0.7% expected and +0.6% last. The CPI excluding fresh food and energy came at 0.3% vs 0.2% last.
The results are certainly satisfactory end of year news for the Bank of Japan's main mandate, which aims to establish sustained 2% inflation in the country. That being said, if one looks at the core and core/core reads (excluding fresh food and energy), there is still a long road ahead.