Consumption inflation in Tokyo probably accelerated in January, highlighting the persistent pressure on the cost of living, showed a Reuters survey on Friday.
The basic IPC of the Japanese capital will be published after the Bank of Japan noted its interest rates on their highest level on Friday for 17 years, stressing its confidence in the fact that the increase in wages will maintain stable inflation Around its 2 %target.
The Basic Consumer Price Index (IPC) in Tokyo, an advanced indicator of national price trends, probably increased by 2.5 % in annual shift in January, after an increase of 2.4 % in December, according to the median forecast of 16 economists.
“The prices of electricity and gas have remained high and the increases in gasoline prices have probably pushed inflation,” said Takumi Tsunoda, main economist at the Central Banque Shinkin Research Institute.
Friday data showed that basic consumer prices in Japan increased 3.0 % in December in annual shift, the fastest annual pace in 16 months. nl3n3oi0t4
The Ministry of Internal Affairs publishes data from the Tokyo IPC at 8:30 am on January 31, in time (2330 GMT on January 30).
Next week’s data also includes industrial production in Japan, which should show a 0.3 % increase in December compared to the previous month, bouncing after a fall of 2.2 % in November, according to the survey.
-Production machines such as semiconductor manufacturing equipment and transport machines have probably stimulated industrial production, according to analysts.
Retail sales should have increased by 3.2 % in December compared to the previous year, helped by solid sales of products such as air conditioners, which are used for heating during the winter months, according to the survey .
The Ministry of Commerce will publish industrial production and retail sales at 8:50 am on January 31, in time (2350 GMT January 30).
The country’s unemployment rate was estimated at 2.5% in December and the job ratio/job seekers were probably maintained at 1.25, the two figures being unchanged from November, according to the survey.
Employment data will be published at 8:30 am on January 31.
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