Economic Buzz: Tokyo Inflation Jumps 2.4% On Year

27 May 2022 , 11:00 AM

Overall consumer prices in the Tokyo region of Japan were up 2.4 percent on year in May, according to the Ministry of Internal Affairs and Communications. That missed expectations for 2.6 percent and was down from 2.5 percent in April. Core CPI, which excludes the volatile costs of food, was up 1.9 percent on year in May. That was unchanged from the previous months reading, although it also missed forecasts for an increase of 2.0 percent.Powered by Commodity Insights