Japan October headline CPI +2.3% (expected +2.2%, prior 2.5%)

News

Japan inflation data October 2024, all figures are y/y.

Headline national CPI 2.3%

  • expected 2.2%, prior 2.5%

CPI excluding Fresh Food & Energy 2.3% (often referred to as ‘core-core’ inflation, its the closest to US core inflation)

  • expected Exp. 2.3%, prior 2.1%

CPI excluding Fresh Food 2.3% (core inflation)

  • expected Exp. 2.2%, prior 2.4%

Yen is inching a little stronger after the data. All three measures are above the 2% Bank of Japan inflation target. If you wanted to find an argument for a BOJ December rate hike this’d have to count, no?

Articles You May Like

Micron stock headed for worst day since 2020 after disappointing guidance
Markets Hold Steady with Fed’s Rate Cut and 2025 Outlook in Focus
US stocks falling sharply with the S&P and the Nasdaq now down over 1%
Sterling Holds Firm on Strong Wages Growth, GBP/CHF Upside Breakout
Nike CEO Elliott Hill outlines new strategy after retailer blames promotions for declining revenue and profit

Leave a Reply

Your email address will not be published. Required fields are marked *