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Japan: Tokyo Consumer Price Index rises 2.6% year-on-year in February compared to 1.8% previously

Tokyo's headline Consumer Price Index (CPI) rose 2.6% year-on-year in February, up from 1.8% in the previous reading, the Japan Statistics Office showed on Tuesday. For its part, Tokyo CPI excluding fresh food and energy fell to 3.1% year-on-year from 3.3% in January.

Besides, Tokyo CPI excluding fresh food rose to 2.5% in said month, in line with market expectations.

About the Tokyo Consumer Price Index (CPI)

The Tokyo Consumer Price Index is published by the Statistics Bureau and is a measure of price developments obtained by comparing the retail prices of a representative shopping basket of goods and services. The index reflects inflation in Tokyo. The CPI is the most significant way to measure changes in purchasing trends. The purchasing power of the Yen is dragged down by inflation. Typically, a high reading is considered positive.

Source: Fx Street

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