MTS Insights on Notion
Japan CPI: June 2024 | MTS Insights
Japan's Consumer Price Index (CPI) showed modest growth in June, increasing by 0.1% MoM and maintaining a 2.8% YoY rate, unchanged from May. The Bank of Japan’s key inflation rate, CPI excluding fresh food, rose 0.3% MoM and 2.6% YoY, while core CPI remained flat MoM but grew 1.9% YoY. Analysts expected CPI ex-fresh food to come in slightly higher at 2.7% YoY and were surprised to the downside as underlying prices pressures were slightly weaker than expected.