Core Insights - Tokyo's inflation rate significantly decreased in August, attributed to government utility subsidies, yet remains above the Bank of Japan's target, prompting continued interest in rate hikes [1][2] - The core CPI in Tokyo, excluding fresh food, rose by 2.5% year-on-year in August, down from 2.9% in July, marking the slowest increase since March [1][3] - A key price indicator, excluding energy prices, increased by 3%, slightly down from 3.1%, with energy prices negatively impacting overall inflation by 0.29 percentage points [2] Economic Indicators - Economists expect the Bank of Japan to maintain its current policy during the upcoming meeting on September 19, despite challenges in accurately assessing inflation due to temporary factors [3] - The Japanese government reinstated utility subsidies from July to September, which is reflected in the August consumer price index data [3] - Rising food prices, particularly rice, which surged by 67.9% year-on-year, have been a significant driver of inflation, although the rate of increase has slowed from 81.8% in July [3] Price Trends - Food prices, excluding fresh products, increased by 7.4%, consistent with July's growth, while service prices rose by 2%, slightly down from 2.1% in the previous month, indicating stable underlying inflation pressures [3]
东京8月CPI因补贴降温但仍高于目标 日本央行加息路径不改
智通财经网·2025-08-29 02:13