JPIRYY
Japan Inflation Rate Lowest in A Year The annual inflation rate in Japan fell to 3.0% in September 2023 from 3.2% in August, pointing to the lowest reading since September 2022.
Meantime, core inflation rate dropped to a 13-month low of 2.8%,
slightly above market consensus of 2.7% while staying outside the Bank of Japan's 2% target for the 18th month.
Core inflation rate dropped to a 13-month low of 2.8%, slightly above consensus of 2.7% while staying outside the Bank of Japan's 2% target for the 18th month. On a monthly basis, consumer prices rose 0.3% in September, after a 0.2% gain in August. source: Ministry of Internal Affairs & Communications
source:
Ministry of Internal Affairs & Communications
Comment:
JPIRYY
@ 2.6% (December 2023 _data)
Japan Inflation Rate Drops to 17-Month Low
The annual inflation rate in Japan fell to 2.6% in December 2023 from 2.8% in the prior month, pointing to the lowest figure since July 2022.
Meantime, the core inflation rate was down to 2.3%, the lowest in 18 months, from 2.5% in November, matching consensus but staying outside the Bank of Japan's 2% target for the 21st month.
JPIRYY
@ 2.6% (December 2023 _data)
Japan Inflation Rate Drops to 17-Month Low
The annual inflation rate in Japan fell to 2.6% in December 2023 from 2.8% in the prior month, pointing to the lowest figure since July 2022.
Meantime, the core inflation rate was down to 2.3%, the lowest in 18 months, from 2.5% in November, matching consensus but staying outside the Bank of Japan's 2% target for the 21st month.
Comment:
JPIRYY
The annual inflation rate in Japan climbed to 2.8% in February 2024 from 2.2% in the prior month, pointing to the highest figure since last November.
Cost accelerated for culture & recreation (7.3% vs 6.8% in January) and communication (1.4% vs 2.1%). At the same time, prices of fuel, and light fell the least in 11 months (-3.0% vs -13.9%), due to electricity (-2.5% vs -21.0%) and gas (-9.4% vs -15.3%).
Simultaneously, inflation slowed for food (4.8% vs 5.7%), housing (0.6% vs 0.7%), transport (2.9% vs 3.0%), healthcare (1.8% vs 2.3%), clothes (2.6% vs 3.0%), furniture & household utensils (5.1% vs 6.5%), education (1.3% vs 1.4%), and miscellaneous (1.1% vs 1.2%).
The core inflation rate also jumped to a four-month top of 2.8% in February from 2.0% in January, matching market forecasts while coming at or above the central bank’s 2% target for 23 straight months.
source: Ministry of Internal Affairs & Communications
JPIRYY
Cost accelerated for culture & recreation (7.3% vs 6.8% in January) and communication (1.4% vs 2.1%). At the same time, prices of fuel, and light fell the least in 11 months (-3.0% vs -13.9%), due to electricity (-2.5% vs -21.0%) and gas (-9.4% vs -15.3%).
Simultaneously, inflation slowed for food (4.8% vs 5.7%), housing (0.6% vs 0.7%), transport (2.9% vs 3.0%), healthcare (1.8% vs 2.3%), clothes (2.6% vs 3.0%), furniture & household utensils (5.1% vs 6.5%), education (1.3% vs 1.4%), and miscellaneous (1.1% vs 1.2%).
The core inflation rate also jumped to a four-month top of 2.8% in February from 2.0% in January, matching market forecasts while coming at or above the central bank’s 2% target for 23 straight months.
source: Ministry of Internal Affairs & Communications
The annual inflation rate in Japan dropped to 2.8% in November 2023 from 3.3% in the prior month, pointing to the lowest print since July 2022.
Core inflation rate declined to 2.5%, the lowest in 16 months, from 2.9%, matching consensus, but stay outside the Bank of Japan's 2% target for the 20th month.
On a monthly basis, consumer prices decreased 0.1%,
the first drop since February, after a 0.7% gain in October.
source: Ministry of Internal Affairs & Communications