Japan inflation readings for May 2025:
Headline rate is 3.5% y/y
- expected 3.5%, prior 3.6%
CPI excluding Fresh Food 3.7% y/y, the fastest rise in 2+ years (again) ... highest since January 2023 ... said to be driven by oil and services costs, but if you take out energy (see below) its still rising fast
- expected 3.6%, prior 3.5%
CPI excluding Fresh Food, Energy 3.3% y/y, the fastest rise since January 2024
- expected 3.2%, prior 3.0%
more to come
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The Tokyo area inflation data for May showed higher than in April on 2 of the 3 measures.
Bank of Japan Governor Ueda
Bank of Japan Governor Ueda got his higher inflation and now he can't raise rates.
