# Consumer inflation speeds up amid BOJ rate hike speculation

> Tokyo core consumer prices rose 2.2% year on year in November, up from 1.8%, mainly as energy subsidies wound down, and overall inflation reached 2.6%. The data lifted expectations of a December Bank of Japan rate hike, and the yen strengthened from 151.34 to around 150.01 per dollar.

- Date: 2024-11-29 · published 2024-11-29T12:00:00.000Z
- Category: macro · region Japan · magnitude low
- Page: https://feedsoft.ai/events/27639-consumer-inflation-speeds-up-amid-boj-rate-hike-speculation
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A firmer yen against a softer dollar lowers USD/JPY and can ease dollar-denominated import costs for Japan, while a weaker dollar can support US-priced feed commodities.

## Read by commodity

- USDJPY: bearish ▼

## Sources

- japantimes.co.jp: https://www.japantimes.co.jp/business/2024/11/29/economy/tokyo-cpi-speeds-up/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.