Japan's Core Inflation Perks Up, Keeps BOJ Rate Hike Hope Alive
Japan's Core Inflation Perks Up, Keeps BOJ Rate Hike Hope Alive
The core consumer price index (CPI), which strips away the effect of volatile fresh food prices, rose 2.6% in June from a year earlier, slightly below market forecasts for a 2.7% gain.
6月份核心消費價格指數（CPI），除去波動的生鮮食品價格影響，與去年同期相比上漲2.6％，略低於市場預期的2.7％增長。
Japan's inflation remained unchanged at +2.8%yoy in Jun-24, the highest since Feb-24. Food inflation moderated to +3.6%yoy, the lowest since Mar-22. Meanwhile, energy prices soared +7.7%yoy, the fastest pace of increase in 17 months. Excluding food prices, core inflation climbed marginally higher to +2.6%yoy (May-24: +2.5%yoy), the highest in 3 months but below market expectations of +2.7%yoy.
日本的通脹率在2024年6月保持不變，爲+2.8％，是自2024年2月以來的最高水平。食品通脹率回落至+3.6％，爲自2022年3月以來的最低水平。同時，能源價格飆升了+7.7％，是17個月來增長最快的。除了食品價格外，核心通脹率略微攀升至+2.6％YoY（2024年5月：+2.5％YoY），爲3個月以來的最高水平，但低於市場預期的+2.7％YoY。
The core core inflation, excluding both food and energy prices, edged up to +2.2%yoy after falling to a 20-month low of +2.1%yoy in May-24. The faster core inflation, despite missing market expectations, supports the possibility for another BOJ interest rate hike this year. However, given the tepid demand-driven inflation, MIDF said it anticipates the central bank will keep the interest rate unchanged at the end of this month.
核心核心通脹率（除去食品和能源價格）從2024年5月的20個月低位+2.1％YoY上升至+2.2％YoY。儘管核心通脹率低於市場預期，但支持了今年再次進行BOJ的加息可能性。然而，鑑於需求驅動的通脹溫和，MIDF稱預計中央銀行將在月底保持利率不變。