Free Video Downloader

Tokyo consumer prices rise 3.6% in Nov., biggest gain in 4 decades

Consumer prices in Tokyo gained 3.6 percent in November from a year earlier, marking the steepest increase since 1982 amid higher energy and food prices, government data showed Friday.

The yen’s sharp depreciation has been inflating import costs for resource-poor Japan, with the core consumer price index excluding volatile fresh food items up for the 15th straight month, according to the Ministry of Internal Affairs and Communications.

File photo taken in November 2022 shows flour sold at Akidai supermarket in Tokyo’s Nerima district. (Kyodo)

The inflation data for Tokyo is seen as an indication of what to expect nationwide and the latest figure shows inflationary pressure has been persisting. It stayed above the Bank of Japan’s 2 percent target for the sixth straight month.

Energy prices surged 24.4 percent, marking yet another month of double-digit growth as electricity and gas prices rose sharply. The prices of food, excluding perishable items, jumped 6.7 percent

Related coverage:

Japan’s October consumer prices rise 3.6%, quickest in 4 decades

Japan logs 2.16 tril. yen trade deficit, record for October

U.S. dollar briefly jumps above 140 yen on geopolitical risks

Source link

Leave a Reply

Your email address will not be published.

sixty eight  −  60  =