Japan CPI Dec: Beats expectations, arrives 1.2% YoY vs expected -1.3%

Japan Consumer Price Index for December arrived aT 1.2% YoY vs the expected -1.3%.

• Japan National CPI Ex Fresh Food (Y/Y) Dec: -1% (est -1.1%, prev -0.9%)
• Japan National CPI Ex Fresh Food, Energy (Y/Y) Dec: -0.4% (est -0.4%, prev -0.3%)

Description

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.