The Core Consumer Price Index (CPI) in Tokyo has risen by 2.1% year-on-year in June, surpassing both the forecast of 2% and the previous rate of 1.9%, according to government data released on Friday. This increase signals potential inflationary pressures in the region, driven by higher energy prices. The acceleration in inflation is likely to keep the Bank of Japan (BOJ) on track to consider an interest rate hike as early as July. Additionally, industrial output in Tokyo rose more than expected in May, further supporting the likelihood of a rate hike.
🇯🇵 TOKYO JUNE CORE CPI RISES 2.1% YR/YR Full Story → https://t.co/7LDmZaVmfF Core consumer prices in Tokyo rose 2.1% in June from a year earlier, government data showed on Friday. The core consumer price index for Japan’s capital, which includes oil products but excludes… https://t.co/Gd4g9K4JT1
Tokyo Inflation Quickens, Keeping BoJ on Track for Rate Hike https://t.co/7b7nNVCPGR
Inflation in Japan's capital accelerates, keeps BOJ rate hike prospects alive https://t.co/2AcypPGGL6 https://t.co/tJg0OwdmWt
Inflation in Tokyo picked up in June on the back of higher energy prices, and industrial output rose more than expected in May, likely keeping the BOJ on track to consider an interest rate hike as early as July. https://t.co/lWhOiISa4U
Inflation in Tokyo picked up in June, likely keeping the Bank of Japan on track to consider an interest rate hike as early as July https://t.co/xk6KaTUZoK
The Core CPI in Tokyo has risen by 2.1% year-on-year, surpassing both the forecast of 2% and the previous rate of 1.9%. This increase signals potential inflationary pressures in the region.