Japan’s Tokyo consumer price index rose 2% year on year in July, up from 1.7% in the prior reading. The move points to firmer price growth in the capital at the start of the third quarter.
Acceleration Of Price Growth
The acceleration adds to evidence that underlying inflationary pressure remains in place, with Tokyo’s gauge often watched as a timely proxy for national trends.
Limited Data Breakdown
No further breakdown was provided alongside the headline figures.
