Core inflation ticked up to a six-month high in October
Japanese inflation data has been a messy affair in recent months with base effects and external shocks pushing and pulling the numbers in different directions. October data is the same in that respect, but the tick up in underlying inflation will help the BoJ with the decision to raise rates in December.
The tick up to a six-month high in October while positive at first glance is still far from perfect. An acceleration of rice price inflation to a new high of over 50-years continues to exert upward pressure on the reading. While it is pushing the rate higher, it is not really supportive of the broad cost push inflation the BoJ wants to see in the numbers and satisfy confidence in the wage price cycle it wants.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Struggling families to get £10 bonus payment in bank accounts before ChristmasEligible families will receive the Christmas Bonus directly into their bank accounts in December
Read more »
Lloyds Bank issues update on £200 payment hitting bank accountsLloyds Bank has issued an update as customers receive £200 payment
Read more »
Nationwide, Halifax and Lloyds Bank reduces mortgage rates after Bank of England interest cutThe Sun’s James Flanders explains how to find the best deal on your mortgage
Read more »
Dollar jumps as ‘Trump trades’ push US bond yields and bitcoin higherWall Street prepares for ‘a long night for volatility’ as global market mood remains febrile
Read more »
Firmer UK inflation in October bolsters case for December holdHeadline, core, and services price growth ticked up in October
Read more »
Higher zinc intake linked to increased endometriosis risk, study findsResearchers explore the association between zinc intake and endometriosis risk.
Read more »