- Tokyo headline CPI inflation declines from 2.6% to 2.4% year-on-year in December.
- Tokyo's core CPI declines to 2.1%, as expected, from 2.3% previously.
Japan's Consumer Price Index (CPI) inflation in December 2023 fell further as inflation continues to cool in major economic centers in Tokyo, falling to 2.4% year-on-year in December from 2.6% in November.
Tokyo's core CPI (which excludes fresh food price volatility) broadly met market expectations and stood at 2.1% year-on-year in December, up from 2.3% annualized in November.
Tokyo's “core-core” CPI inflation (core CPI minus energy prices) also fell and stood at 3.5% year-on-year, down from 3.6% year-on-year seen in November.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
