YoY Change in Japan's National Consumer Price Index (CPI) Ex-Fresh Food
Japan| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The year-on-year change in the National Consumer Price Index (CPI, excluding fresh food) is an indicator that shows how much prices of goods and services purchased by consumers in Japan have changed in a specific month compared to the same month of the previous year. This data is published monthly by the Statistics Bureau of the Ministry of Internal Affairs and Communications and is particularly important for evaluating the trend of inflation excluding fresh food.
Year-on-year data helps in understanding the extent of inflation. If the CPI increases, it indicates rising inflationary pressure, which may reduce consumers' purchasing power. Conversely, if the CPI decreases, there is a risk of deflation, which could potentially improve consumers' purchasing power.
This data serves as a crucial reference for policymakers to evaluate the trend of inflation and formulate appropriate monetary policies. For example, if CPI shows significant growth, the central bank may consider raising interest rates to curb inflation. Conversely, if CPI is decreasing, there may be a need to strengthen economic stimulus measures. Additionally, it provides important information for businesses and investors to forecast trends in inflation and economic outlook.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
