Japan December inflation data: Core-core hits 3% y/y

Japan CPI data for December 2022

• National CPI 4.0% y/y, expected 4.4%, prior was 3.8%

• National CPI excluding Fresh Food 4.0% y/y, expected 4.0%, prior was 3.7% (at 4% it's the highest since December 1981)

• National CPI excluding Food, Energy 3.0% y/y, expected 2.9%, prior was 2.8%

  The inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term figure excl food and energy is AKA as core-core inflation and the closest measure to the US core CPI. The Bank of Japan told us recently it is switching its attention to this measure of underlying inflation. At 3.0% its matched a high l;last seen in July of 2014.

The next Bank of Japan meeting is in March. Bank of Japan Governor Kuroda completes his term on April 8. BOJ policy change is expected after Kuroda departs.