The post Japan’s Tokyo CPI inflation steadies at 2.9% YoY in March appeared on BitcoinEthereumNews.com.

The headline Tokyo Consumer Price Index (CPI) for March climbed 2.9% YoY as compared to 2.9% in the previous month, the Statistics Bureau of Japan showed on Friday. Meanwhile, the Tokyo CPI ex Fresh Food, Energy came in at 1.1% in March vs. 0.8% in February (revised from 2.2%). Additionally, Tokyo CPI ex Fresh Food rose 2.4% YoY in March against 2.2% expected and up from 2.2% in the prior month. Market reaction to the Tokyo Consumer Price Index As of writing, the USD/JPY pair was up 0.01% on the day at 150.89. Inflation FAQs Inflation measures the rise in the price of a representative basket of goods and services. Headline inflation is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core inflation excludes more volatile elements such as food and fuel which can fluctuate because of geopolitical and seasonal factors. Core inflation is the figure economists focus on and is the level targeted by central banks, which are mandated to keep inflation at a manageable level, usually around 2%. The Consumer Price Index (CPI) measures the change in prices of a basket of goods and services over a period of time. It is usually expressed as a percentage change on a month-on-month (MoM) and year-on-year (YoY) basis. Core CPI is the figure targeted by central banks as it excludes volatile food and fuel inputs. When Core CPI rises above 2% it usually results in higher interest rates and vice versa when it falls below 2%. Since higher interest rates are positive for a currency, higher inflation usually results in a stronger currency. The opposite is true when inflation falls. Although it may seem counter-intuitive, high inflation in a country pushes up the value of its currency and vice versa for lower inflation. This is because the central bank…

---

Filed under: News - @ March 28, 2025 12:23 am