October 24, 2024 at 08:58PM
Tokyo area inflation data is due Friday, Japan time:
National-level CPI data for this month will follow in about three weeks, it takes longer to gather and collate the national data.
Tokyo CPI is a sub-index of the national CPI
It measures the change in prices of goods and services in the Tokyo metropolitan area
Its considered a leading indicator of national CPI trends because Tokyo is the largest city in Japan and is a major economic hub
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
I’ve added in a missing ‘expected’, for the headline rate, and also a missing expected for the CSPI (services PPI) due 20 minutes later.
This snapshot from the ForexLive economic data calendar, access it here.
The times in the left-most column are GMT.
The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
This article was written by Eamonn Sheridan at www.forexlive.com.