Japan’s National CPI rises 1.5% YoY in May, Core CPI climbs as expected
Japan’s National Consumer Price Index (CPI) rose by 1.5% YoY in May, compared to the previous reading of 1.4%, 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 1.4% YoY in May versus 1.4% prior. The figure came in line with the market consensus.
Market reaction to Japan’s National CPI data
Following Japan’s CPI inflation data, the USD/JPY pair is up 0.42% on the day at 161.32.
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