FX.co ★ Tokyo Core CPI Drops to 1.6% in April 2024

In April 2024, Japan's Tokyo Core Consumer Price Index (CPI) decreased to 1.6%, down from the previous month's 2.4% in March 2024. The data, which was updated on 25th April 2024, reflects a year-over-year comparison, indicating a slowdown in the rate of inflation compared to the same period a year ago. The Tokyo Core CPI is a key indicator of inflation trends in Japan, excluding fresh food prices, and is closely monitored by policymakers and economists to gauge the country's economic health. The decline in April suggests a potential easing of price pressures in the region, which could have implications for monetary policy decisions moving forward.