Japan’s National CPI climbs 2.8% YoY in July, Core CPI rises as expected

Japan’s National Consumer Price Index (CPI) climbed 2.8% YoY in July, compared to the previous reading of 2.8%, according to the latest data released by the Japan Statistics Bureau on Friday,

Further details unveil that the National CPI ex Fresh food arrived at 2.7% YoY in July versus 2.6% prior. The figure was in line with the market consensus of 2.7%. 

CPI ex Fresh Food, Energy increased 1.9% YoY in July, compared to the previous reading of 2.2% rise.