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Japan

Consumer Inflation in Japan's Capital Rises at Fastest Pace in 40 Years

Japan
Tokyo November 2022 core CPI up 3.5%

KONTAN.CO.ID - TOKYO. Core consumer prices in Japan's capital, considered a leading indicator of nationwide trends, rose 3.6% in November from a year earlier, marking the fastest annual pace in 40 years in a sign of broadening inflationary pressure.

The gain continued to be driven mostly by electricity bills and food prices as companies passed rising raw material costs on to households, clouding the outlook for consumption and Japan's fragile economic recovery.

The rise in the Tokyo core consumer price index (CPI), which excludes fresh food but includes fuel, exceeded a median market forecast for a 3.5% gain and accelerated from a 3.4% increase seen in October, government data showed on Friday.

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