I posted a heads-up on the Tokyo CPI data yesterday. ICYMI, the data is on the agenda today. Its August Tokyo inflation data, so its very timely.
- National-level CPI data for August will follow in about three weeks, it takes longer to gather and collate the national data.
- Tokyo CPI is a sub-index of the national CPI
- It measures the change in prices of goods and services in the Tokyo metropolitan area
- Its considered a leading indicator of national CPI trends because Tokyo is the largest city in Japan and is a major economic hub
- Historically, Tokyo CPI data has been just slightly higher than national Japan CPI data. The cost of living in Tokyo is a touch higher than in most other parts of Japan. Higher rents, for example
![tokyo cpi data due Friday, 25 August 2023](https://images.forexlive.com/images/tokyo%20cpi%20data%20due%20Friday%2C%2025%20August%202023_id_56d5726f-0aa8-493f-9a05-2cfa816f9119_size900.jpg)
- This snapshot from the ForexLive economic data calendar, access it here.
- The times in the left-most column are GMT.
- The numbers in the right-most column are the 'prior' (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.