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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Inflation Rate Ex-Fresh Food YoY held to 0.9% in November 2013
FMPMonthlyReleased November 2013
Japan Inflation Rate Ex-Fresh Food YoY held to 0.9% in November 2013. The print came in hotter than the 0.7% consensus, a hotter print than forecasters anticipated.
Latest Release
0.900000
Actual
0.700000
Consensus
0.900000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.50 | FOREX | Bullish JPY | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Bullish JPY | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Bullish JP | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Bullish JPY | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Inflation Rate Ex-Fresh Food YoY (Japan) was reported at 0.9% in November 2013. This beat the market consensus of 0.7% by 0.2%. The reading was unchanged from the previous release.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bullish JPY). A secondary relationship exists with EUR/JPY, negatively correlated (Bullish JPY).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Monetary Policy Statement (Jun 16) and BoJ Interest Rate Decision (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update November 2013.
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Inflation Rate Ex-Fresh Food YoY - JP
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About Inflation Rate Ex-Fresh Food YoY — Japan
DEFINITION
The Inflation Rate Ex-Fresh Food YoY is a financial indicator that measures the change in the overall price level of goods and services, excluding fresh food, over a period of one year. It is used to track the rate of inflation and provides insight into the overall health of an economy. By excluding fresh food, which is known to have volatile price fluctuations, this indicator provides a more accurate representation of the underlying inflation trend. It is a key metric for policymakers, businesses, and investors to monitor and make informed decisions regarding economic stability and financial planning.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Nov 2013): actual 0.9 %, consensus 0.7 %.
WHAT'S NEXT
This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.