The headline Tokyo Consumer Price Index (CPI) for September rose 2.2% YoY, compared to a 2.6% rise in the previous reading, the Statistics Bureau of Japan showed on Friday.
The headline Tokyo ConsumerPrice Index for September rose 2.2% YoY, compared to a 2.6% rise in the previous reading, the Statistics Bureau of Japan showed on Friday.Meanwhile, the Tokyo CPI ex Fresh Food, Energy increased1.6% YoY, compared to the previous reading of 1.6% rise. Additionally, Tokyo CPI ex Fresh Food rose2.0% YoY in September, compared to a 2.4% rise in August, and was in line with the market consensus of 2.0%.
Core CPI is the figure targeted by central banks as it excludes volatile food and fuel inputs. When Core CPI rises above 2% it usually results in higher interest rates and vice versa when it falls below 2%. Since higher interest rates are positive for a currency, higher inflation usually results in a stronger currency. The opposite is true when inflation falls.
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