Japan Inflation: Tokyo Consumer Price Index eases to 1.6% YoY in January vs. 2.4% prior

The headline Tokyo Consumer Price Index (CPI) for January eased to 1.6% YoY from 2.4% in the previous reading, the Statistics Bureau of Japan showed on Friday. Meanwhile, the Tokyo CPI ex Fresh Food, Energy arrived at 3.1% YoY from 3.5% in December.

Additionally, Tokyo CPI ex Fresh Food eased from 2.1% to 1.6% for the said month compared to analysts’ estimations of 1.9%.

more to come..