SINGAPORE (ICIS)– Japan’s core inflation rate in Tokyo rose 2.8% year on year in November, holding steady after October and supporting a rate hike in the near future, official data showed on 28 November.
- Budget to tackle short-term inflation
- Factory output grows on robust automobile production
- Weakness in yen suggests rate hike to ease price concerns on imports
November’s core consumer price index (CPI), which excludes volatile fresh food costs, grew on surging electricity costs, data released by Japan’s Ministry of Internal Affairs and Communications shows.
Core-core inflation, which excludes both fresh food and energy prices, was up by 2.8% in November, unchanged from the October reading.
The Bank of Japan (BoJ) closely tracks core-core inflation to gauge spending as both energy and fresh food prices tend to be volatile.
Published by: www.icis.com
Jonathan Yee
28-Nov-2025
