Track Tokyo Core CPI y/y to gauge early inflation trends in Japan, influencing central bank policies and currency valuation.
Consumer prices play a crucial role in overall inflation, which is significant for currency valuation. Increasing prices may prompt the central bank to tighten monetary policy in order to meet its inflation control objectives. Tokyo, being Japan's largest city, publishes its CPI data a month prior to the National CPI. This initial release is considered the most critical indicator of consumer inflation, with its impact varying in significance each month.
What it Measures
The change in the prices of goods and services purchased by Tokyo consumers, excluding fresh food items.
Usual Effect
'Actual' results exceeding 'Forecast' are favorable for the currency.
Source & Frequency
Statistics Bureau (latest release) - https://www.stat.go.jp/english/index.htm • Data is released monthly, typically on the last Friday of each month.
How Data is Derived
N/A
Also Known As
Tokyo CPI Ex Fresh Food
Acronym
Consumer Price Index (CPI)