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Japan Tokyo Core Consumer Price Index (CPI)

Price

2.2 %
Change +/-
+0.1 %
Percentage Change
+4.65 %

The current value of the Tokyo Core Consumer Price Index (CPI) in Japan is 2.2 %. The Tokyo Core Consumer Price Index (CPI) in Japan increased to 2.2 % on 7/1/2024, after it was 2.1 % on 6/1/2024. From 1/1/1971 to 8/1/2024, the average GDP in Japan was 2.37 %. The all-time high was reached on 10/1/1974 with 23.3 %, while the lowest value was recorded on 10/1/2009 with -2.2 %.

Source: Statistics Bureau of Japan

Tokyo Core Consumer Price Index (CPI)

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Tokyo core consumer price index

Tokyo Core Consumer Price Index (CPI) History

DateValue
7/1/20242.2 %
6/1/20242.1 %
5/1/20241.9 %
4/1/20241.6 %
3/1/20242.4 %
2/1/20242.5 %
1/1/20241.8 %
12/1/20232.1 %
11/1/20232.3 %
10/1/20232.7 %
1
2
3
4
5
...
44

Similar Macro Indicators to Tokyo Core Consumer Price Index (CPI)

NameCurrentPreviousFrequency
🇯🇵
Commodity Inflation
3.8 %3.9 %Monthly
🇯🇵
Consumer Price Index (CPI)
108.1 points107.7 pointsMonthly
🇯🇵
Consumer Price Index for Housing and Utilities
103 points102.9 pointsMonthly
🇯🇵
Core Consumer Prices
107.5 points107.1 pointsMonthly
🇯🇵
Core CPI
2.1 %2.4 %Monthly
🇯🇵
Core Inflation Rate
2.5 %2.2 %Monthly
🇯🇵
CPI Transport
97.6 points97.3 pointsMonthly
🇯🇵
Export Prices
144.9 points144.6 pointsMonthly
🇯🇵
Food Inflation
3.6 %4.1 %Monthly
🇯🇵
GDP Deflator
106.4 points109 pointsQuarter
🇯🇵
Import Prices
166.9 points163.8 pointsMonthly
🇯🇵
Inflation Expectations
2.4 %2.4 %Quarter
🇯🇵
Inflation Rate
2.8 %2.8 %Monthly
🇯🇵
Inflation Rate MoM
0.5 %0.2 %Monthly
🇯🇵
Producer Price Change
2.4 %1.1 %Monthly
🇯🇵
Producer Price Inflation MoM
0.7 %0.5 %Monthly
🇯🇵
Producer prices
121.2 points120.8 pointsMonthly
🇯🇵
Rental inflation
0.3 %0.3 %Monthly
🇯🇵
Service Inflation
1.4 %1.7 %Monthly
🇯🇵
Tokyo Consumer Price Index
2.3 %2.2 %Monthly
🇯🇵
Tokyo Consumer Price Index excluding Food and Energy
1.5 %1.8 %Monthly

In Tokyo, the core inflation rate monitors the changes in consumer prices for a basket of goods, excluding the prices of fresh food. This data is now available on Eulerpool.

What is Tokyo Core Consumer Price Index (CPI)?

Tokyo Core CPI: Understanding Its Significance in Macroeconomic Analysis Tokyo Core Consumer Price Index (CPI) is a vital economic indicator extensively monitored by economists, policymakers, and market participants. As a specific gauge of inflationary pressures in Japan's capital city, Tokyo Core CPI offers insights into the broader economic health and inflationary trends within the country. This metric excludes the often-volatile costs of fresh food, providing a more stable and focused measure of fundamental consumer price changes. The significance of Tokyo Core CPI cannot be understated, as it has profound implications for monetary policy and economic strategies employed by the Bank of Japan and other financial institutions. The calculation and release of Tokyo Core CPI are carried out by Japan's Statistics Bureau. Typically, the data is disseminated on a monthly basis, providing a timely reflection of changing price levels in Tokyo's economy. By excluding fresh food prices, which can fluctuate due to seasonal factors and supply chain disruptions, Tokyo Core CPI aims to present a clearer picture of underlying inflation trends. This precision makes it a preferred tool for analysts concerned with longer-term inflationary trajectories rather than transient price movements. Tokyo, as Japan's capital and a global financial hub, is a critical area to monitor for consumer price changes. The city's economic landscape is a microcosm of broader national economic trends, often acting as a leading indicator for the rest of the country. Tokyo's diverse and dynamic economy includes major sectors such as finance, technology, manufacturing, and retail, wherein price changes can considerably impact both consumers and businesses. Consequently, fluctuations in the Tokyo Core CPI have a ripple effect, influencing everything from individual purchasing power to corporate pricing strategies. Monitoring Tokyo Core CPI is of paramount importance for the Bank of Japan (BoJ), which targets a 2% inflation rate to achieve economic stability. Persistent deflation, or low inflation, has been a long-standing challenge for Japan, contributing to sluggish economic growth. The BoJ employs tools such as interest rate adjustments and quantitative easing to influence inflation. As a leading indicator, Tokyo Core CPI provides the BoJ with crucial data to inform these decisions. A rise in the index suggests increased consumer demand and economic activity, which could prompt the BoJ to tighten monetary policy. Conversely, a decline could indicate economic stagnation, prompting more aggressive easing measures. For private sector businesses and investors, Tokyo Core CPI serves as an essential metric for strategic planning and forecasting. Companies use the index to anticipate changes in consumer behavior, cost structures, and to strategize pricing adjustments. For instance, an increasing Tokyo Core CPI can signal rising production costs, which companies might need to pass onto consumers through higher prices or absorb to maintain competitiveness. Investors, on the other hand, use the index to make informed decisions about asset allocation. A higher CPI is often associated with inflationary risks that can impact bond yields, stock valuations, and real estate investments. Moreover, international investors closely watch Tokyo Core CPI as a barometer for the Japanese economy's health, influencing currency markets. The Japanese yen is considered a safe-haven currency, and its value can be sensitive to shifts in inflation data. A higher-than-expected Tokyo Core CPI can lead to yen appreciation as markets anticipate tighter monetary policy, while a lower figure can result in depreciation due to potential easing measures. Thus, Tokyo Core CPI has far-reaching implications beyond Japan, affecting global investment and currency strategies. Given the reliability and precision of Tokyo Core CPI, economic forecasters and research institutions regularly incorporate it into their analytical models. The index's data is cross-referenced with other economic indicators such as GDP growth rates, employment figures, and industrial production to build comprehensive economic forecasts. By examining these relationships, analysts can derive more nuanced insights into the potential direction of the economy. For example, persistent divergence between Tokyo Core CPI and national inflation figures might suggest regional disparities in economic conditions, necessitating targeted policy interventions. Furthermore, Tokyo Core CPI has social implications, particularly regarding wage negotiations and living standards. In periods of rising prices, there can be increased pressure on employers to raise wages to preserve employees' purchasing power. Labor unions and advocacy groups often use CPI data to substantiate their demands for higher wages and better working conditions. On a broader societal level, Tokyo Core CPI illustrates the cost of living changes, affecting household budgets and consumer confidence. Understanding these dynamics is crucial for policymakers aiming to address socio-economic issues arising from inflation. Inflation data encapsulated in Tokyo Core CPI also influences governmental fiscal policy. During rising inflation, the government might adjust tax policies and increase subsidies to mitigate the impact on households and support economic stability. Conversely, a low or negative CPI might prompt stimulus measures to invigorate economic activity. Therefore, Tokyo Core CPI serves as a foundation for a wide array of economic decisions within both the public and private sectors. In conclusion, Tokyo Core CPI is an indispensable tool in the arsenal of macroeconomic analysis, deeply woven into the fabric of Japan's economic narrative. Its implications stretch across monetary policy, business strategy, international investment, social dynamics, and fiscal planning. For a professional platform like Eulerpool, showcasing Tokyo Core CPI data elucidates these multifaceted impacts, offering users the nuanced understanding needed to navigate the complexities of economic forecasting and decision-making. By continually monitoring, interpreting, and utilizing Tokyo Core CPI, stakeholders can better anticipate economic shifts, manage risks, and seize opportunities in an ever-evolving global financial landscape.