According to the latest data released by the Japan Statistics Bureau on Friday, the National Consumer Price Index (CPI) for September came in at 3.0%
According to the latest data released by the Japan Statistics Bureau on Friday, the NationalConsumer Price Index for September came in at 3.0% YoY from 3.2% in August. Further details unveil that the National CPI ex Fresh Food climbed to 2.8% YoY in September versus 3.1% prior, whereas the National CPI ex Food, Energy came in at 4.2% compared to 4.3% in previous readings.
Market reaction Following the Japan inflation data, theUSD/JPYpair is up 0.02% on the day at 149.82. About Japan’s National CPI The National Consumer Price Index is released by theStatistics Bureauand it's a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services. CPI is the most significant way to measure changes in purchasing trends. The purchase power of JPY is dragged down by inflation.
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