Japan June National CPI Rises 1.7% YoY, In Line with Estimates
Japan's June national CPI increased 1.7% year-on-year, matching expectations and accelerating from 1.5% in May. Core CPI (ex fresh food) came in at 1.6% vs 1.6% expected, while core-core CPI (ex fresh food and energy) was 1.7% vs 1.8% expected.
Japan's June National Consumer Price Index (CPI) rose 1.7% year-on-year, in line with the median estimate and up from 1.5% in the previous month.
Core CPI, which excludes fresh food, increased 1.6% year-on-year, matching the consensus estimate and up from 1.4% in May. The core-core CPI, excluding both fresh food and energy, rose 1.7% year-on-year, slightly below the 1.8% expected and unchanged from the prior reading of 1.8%.
The data suggests inflation remains moderate, with no major upside surprises, keeping the Bank of Japan's policy path data-dependent.
Source: First Squawk