Japan: Core inflation hits over two-year high in July
August 25, 2017
In July, the core consumer price index was flat from the previous month in seasonally-adjusted terms, matching the result in the previous five months.
Core inflation rose from June’s 0.4% to 0.5% in July. The print was in line with what market analysts had expected and represented the highest rate since April 2015. Overall inflation came in at 0.4% in July, matching June’s result.
Core prices for Tokyo—available one month in advance of the national figures and thus a leading indicator for countrywide inflation—rose 0.4% on an annual basis in August, up from July’s 0.1% rise.