Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Japan
JPNCPICORMINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.90
Year-over-Year Change
-1.00%
Date Range
1/1/1955 - 6/1/2021
Summary
The Consumer Price Index (CPI) excluding food and energy for Japan measures the change in prices for a broad basket of consumer goods and services, excluding volatile food and energy components. This core CPI is a key indicator of underlying inflationary pressures.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The CPI excluding food and energy is a widely-used economic indicator that provides insight into the general price level and inflation trends in Japan, excluding the impact of fluctuations in food and energy prices. It is an important metric for policymakers and analysts in assessing the overall health of the Japanese economy.
Methodology
The data is collected through surveys of consumer expenditures and prices, and calculated according to internationally standardized methodologies.
Historical Context
The core CPI is closely monitored by the Bank of Japan and other institutions for its implications on monetary policy and economic performance.
Key Facts
- Japan's core CPI has remained below the Bank of Japan's 2% target in recent years.
- The core CPI excludes volatile food and energy prices to better reflect underlying inflationary trends.
- Monitoring the core CPI is crucial for the Bank of Japan's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) excluding food and energy for Japan measures the change in prices for a broad basket of consumer goods and services, excluding volatile food and energy components.
Q: Why is this trend relevant for users or analysts?
A: The core CPI is an important indicator of underlying inflationary pressures in the Japanese economy, and is closely monitored by policymakers and analysts for its implications on monetary policy and economic performance.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices, and calculated according to internationally standardized methodologies.
Q: How is this trend used in economic policy?
A: The core CPI is closely monitored by the Bank of Japan and other institutions for its implications on monetary policy and economic performance.
Q: Are there update delays or limitations?
A: The core CPI data is published on a regular schedule, with occasional revisions to account for changes in consumer spending patterns or statistical methodologies.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Japan (JPNCPICORMINMEI), retrieved from FRED.