# Japan's core CPI for May rises 0.4 percent on-year, in line with expectations

> Japan's core consumer prices rose 0.4% year-on-year in May, the fifth straight monthly gain. Household spending fell 0.1% in May from a year earlier, beating a forecast for a 0.6% decline, while the jobless rate unexpectedly rose to 3.1%.

- Date: 2017-06-30 · published 2017-06-30T12:00:00.000Z
- Category: report · region Japan · magnitude low
- Page: https://feedsoft.ai/events/70722-japan-s-core-cpi-for-may-rises-0-4-percent-on-year-in-line-with-expectations
- Commodities: [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

Sluggish wage growth and falling oil costs cloud the inflation outlook, which may keep the Bank of Japan's policy loose and weigh on the yen. This has little direct effect on feed grain or meal prices.

## Read by commodity

- USDJPY: neutral

## Sources

- cnbc.com: https://www.cnbc.com/2017/06/29/japans-core-cpi-for-may-rises-0-point-4-percent-on-year-in-line-with-expectations.html

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