Japan inflation data – Tokyo area CPI for October headline 3.3% y/y vs. 2.8% prior

<p>The only 'expected' was for the 'core' (i.e. excluding fresh food), it came in higher. </p><ul><li>headline rate was in line with its previous reading</li><li>core-core (i.e. excluding food &amp; energy, this is the closest measure to US core inflation) came in above the prior</li></ul><p>—</p><p>Tokyo inflation data </p><ul><li>National-level CPI data for October will follow in about three weeks, it takes longer to gather and collate the national data.</li><li>Tokyo CPI is a sub-index of the national CPI</li><li>It measures the change in prices of goods and services in the Tokyo metropolitan area</li><li>Its considered a leading indicator of national CPI trends because Tokyo is the largest city in Japan and is a major economic hub</li><li>Historically, Tokyo CPI data has been just slightly higher than national Japan CPI data. The cost of living in Tokyo is a touch higher than in most other parts of Japan. Higher rents, for example</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.