According to the latest data released by the Japan Statistics Bureau on Friday, the National Consumer Price Index (CPI) for September came in at 3.0% YoY from 3.2% in August.
Further details unveil that the National CPI ex Fresh Food climbed to 2.8% YoY in September versus 3.1% prior, whereas the National CPI ex Food, Energy came in at 4.2% compared to 4.3% in previous readings.
Market reaction
Following the Japan inflation data, the USD/JPY pair is up 0.02% on the day at 149.82.
About Japan’s National CPI
The National Consumer Price Index is released by the Statistics Bureau and it’s a measure of price movements obtained by comparison of the retail prices of a representative shopping basket of goods and services. CPI is the most significant way to measure changes in purchasing trends. The purchase power of JPY is dragged down by inflation. Generally a high reading is seen as positive for the JPY.
Source: https://www.fxstreet.com/news/japan-inflation-national-cpi-eases-to-30-yoy-in-september-vs-32-prior-202310192330