Core consumer prices in Japan were up 3.3 percent on year in July, the Ministry of Internal Affairs and Communications said on Friday – matching forecasts and unchanged from June.
Overall consumer prices were up 3.4 percent on year – also in line with expectations and easing from 3.6 percent.
On a monthly basis, overall CPI was flat and core inflation added 0.1 percent.
Inflation for Tokyo, considered a leading indicator for the nationwide trend, was up 2.8 percent on year in August – unchanged and exceeding forecasts for 2.7 percent.
Core CPI for Tokyo was up 2.7 percent, in line with expectations and down from 2.8 percent in July.
On a monthly basis, both overall Tokyo inflation and core CPI were up 0.2 percent.
The material has been provided by InstaForex Company – www.instaforex.com