Japan inflation: November Tokyo CPI Headline 2.7% y/y (expected 2.7%, prior 2.8%)

Tokyo area November inflation data, the core measures higher than headline.

Tokyo Consumer Price Index (YoY) (Nov) 2.7%

• expected 2.7%, prior 2.8%

Tokyo CPI ex Food, Energy (YoY) (Nov) 2.8% … higher than expected and the same as in October

• expected 2.7%, prior 2.8%

Tokyo CPI ex Fresh Food (YoY) (Nov) 2.8%, ditto, higher than expected and the same as in October

• expected 2.7%, prior 2.8%

The data shows inflation still simmering away well above the 2% BoJ target. The Bank of Japan next meet on December 18-19 and expectations are edging towards a right hike but its not a done deal yet by any means.

• BOJ’s Noguchi: Further yen declines could impact underlying inflation
• BOJ’s Noguchi: Japan making steady progress in meeting inflation target
• Recap – BoJ’s Noguchi tempers December hike bets, urges measured, step-by-step tightening
• investingLive Asia-Pacific FX news wrap: AUD up (high CPI), NZD up (rate cut), JPY up (BoJ

This article was written by Eamonn Sheridan at investinglive.com.