Japan inflation data: Core inflation 2.1% (vs. 2.1% expected)

National CPI 2.5% y/y, highest for the headline rate since October 2014 (the number back then was impacted by the sales tax hike, if you take that out then its the highest since December 1991)

• expected 1.5%, prior was 1.2%

National CPI excluding Fresh Food 2.1% y/y (AKA core 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), highest for this since Marc 2015

• expected 2.1%, prior was 0.8%

National CPI excluding Food, Energy 0.8% y/y (AKA core-core inflation and the closest measure to the US core CPI)

• expected -0.9%, prior was -0.7%
• Turns positive! A significant result.

---

Some background to today's numbers:

• Today's CPI report is the most-important Japanese data point in years

• Coming on Friday Asia time - Japanese inflation data for April
• What the decline in USD/JPY is telling us with Japan's CPI report due Friday