TOKYO : Japan's core consumer inflation likely re-accelerated in April, a Reuters poll of 19 economists showed, as a flurry of retail price hikes offset the effect of the government's energy subsidies.
Japan's core consumer price index , which excludes fresh food but includes energy items, likely grew 3.4 per cent in April from a year earlier, the poll showed. The pace would step up from 3.1 per cent seen in both March and February, and mark the fastest growth since a 41-year-high of 4.2 per cent logged in January.
The"core-core" inflation figure, which excludes both fresh food and energy items, likely reached 4 per cent or more, SMBC Nikko Securities analysts wrote in a note. The government will release CPI data at 08:30 a.m. on May 19 . Wholesale inflation data is due at 08:50 a.m. on May 15 .
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan GDP growth likely accelerated in Q1 on robust services consumption- Reuters pollTOKYO : Japan's economy likely grew in January-March at the fastest pace in three quarters, as spending in the services sector offset soft business activity, a Reuters poll showed.Japan has so far been spared major impact from deteriorating global economic conditions thanks in part to the services sector
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Thailand economy likely picked up speed in Q1 as tourism rebounds - Reuters pollBENGALURU : Thailand's economy likely picked up speed in the first quarter aided by a strong recovery in the tourism sector and a rebound in private consumption, but a weakening global economy poses the biggest risk to the outlook, a Reuters poll found.The tourism-reliant economy's recovery has lagged its
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Thai consumer confidence at more than 3-year high in AprilBANGKOK : Thai consumer confidence rose for an 11th straight month in April, reaching a 38-month high, boosted by a recovery in tourism and increased activities ahead of an election on May 14, a survey showed on Thursday.The consumer index of the University of the Thai Chamber of Commerce increased to 55
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China April new bank loans tumble to 718.8 billion yuan, far below forecastsBEIJING : Chinese banks extended 718.8 billion yuan ($103.99 billion) in new yuan loans in April, tumbling from March and sharply missing analysts' estimates.Analysts polled by Reuters had forecast new yuan loans would drop to 1.4 trillion yuan last month, versus 3.89 trillion yuan in March.Broad M
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asian stocks rise as US inflation coolsHONG KONG : Asian shares rose on Thursday as investors cheered signs of easing inflationary pressure in the U.S. after data showed consumer prices in April rose at a slower-than-expected pace. The Labor Department's Consumer Price Index (CPI) rose 4.9 per cent in April from a year ago, compared with expec
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Japan’s Shinkansen train operators dream up ideas to attract passengersJR Tokai allows passengers to charter a train car for various purposes such as having a wedding ceremony. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »