Track JN BOJ Core CPI y/y for insights into Japan's inflation trends and potential interest rate decisions.
Consumer prices are a key component of overall inflation, which significantly impacts currency valuation. Rising prices often prompt central banks to increase interest rates to meet their inflation control goals. While food and energy prices represent about 25% of the Consumer Price Index (CPI), their volatility can obscure the true trend. The Bank of Japan (BOJ) and traders usually focus more on core data. A revised version of this indicator is published approximately five days later, but is deemed less significant. This data has been available since November 2015.
What it Measures
The change in prices of goods and services acquired by consumers, excluding food and energy items.
Usual Effect
When the actual result exceeds the forecast, it is considered positive for the currency.
Source & Frequency
Bank of Japan (latest release) - https://www.boj.or.jp/en/index.htm/ • This data is released monthly, typically on the last Friday of the month following the report.
How Data is Derived
N/A
Also Known As
CPI Ex Food and Energy, Underlying CPI
Acronym
Consumer Price Index (CPI), Bank of Japan (BOJ)