24 Mar 2015
All-Japan core inflation in February to remain unchanged – Nomura
FXStreet (Barcelona) - Research Analysts at Nomura, preview the all-Japanese inflation data to be released on Friday, 27th March.
Key Quotes
“Our forecast for all-Japan core CPI inflation in February 2015 is +2.2% y-y (+0.2% excluding the impact of the consumption tax hike), unchanged from January.”
“We look for all-Japan core core inflation of +2.1% y-y (+0.4%), unchanged m-m for the fourth straight time.”
“In January, the y-y decline in kerosene and gasoline prices widened sharply, but in February we think the declines softened, as a result of which growth in the negative contribution from energy prices was likely minimal.”
“While the downward pressure on prices from sluggish economic activity late last year remains, we saw evidence in February of food processors trying to pass higher input costs on to product prices. We expect these forces to offset each other, resulting in little change in the core inflation rate.”
Key Quotes
“Our forecast for all-Japan core CPI inflation in February 2015 is +2.2% y-y (+0.2% excluding the impact of the consumption tax hike), unchanged from January.”
“We look for all-Japan core core inflation of +2.1% y-y (+0.4%), unchanged m-m for the fourth straight time.”
“In January, the y-y decline in kerosene and gasoline prices widened sharply, but in February we think the declines softened, as a result of which growth in the negative contribution from energy prices was likely minimal.”
“While the downward pressure on prices from sluggish economic activity late last year remains, we saw evidence in February of food processors trying to pass higher input costs on to product prices. We expect these forces to offset each other, resulting in little change in the core inflation rate.”