Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Inflation in Japan in October accelerated to the highest in three months


November, 24 2023
watermark Economic news

In Japan, there is an acceleration in the rate of inflation. According to the report of the Ministry of Internal Affairs and Communications of the country, in October consumer prices increased by 3.3% in annual terms.


This was the highest figure in the last three months and exceeded the September growth of 3%. Analysts had forecast growth of 3.2%. 


Various categories of goods and services showed multidirectional price dynamics: food rose by 8.6%, clothing and footwear – by 3%, transport – by 3.2%, furniture and household goods – by 6.9%. Prices for educational services increased by 1.3%, medical services – by 2.3%.


At the same time, utilities continued to fall in price for the ninth month in a row, having decreased by 10% in October. This reduction includes a reduction in the cost of electricity by 16.8% and gas by 10.2%.


The key inflation indicator tracked by the Bank of Japan and excluding fresh food rose by 2.9% in October after an increase of 2.8% in September. Inflation excluding food and energy was 4%, which is less than 4.2% in the previous month.


Monthly consumer price growth in October was 0.7%, which is significantly higher than the September figure of 0.3%.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.