Tokyo's core inflation hits 2.4%, fueled by energy prices, hinting at a possible interest rate hike.

In December 2024, Tokyo's core inflation rate rose to 2.4%, driven by a significant increase in energy prices. This uptick, along with steady services inflation and a drop in factory output, has maintained expectations for a potential interest rate hike by the Bank of Japan. The central bank will evaluate these trends at their January meeting.

3 months ago
15 Articles

Further Reading