Japan's latest inflation figures show prices rose on a broad front in October. The month marked the first time in four months for inflation to accelerate.
The internal affairs ministry says the consumer price index, excluding fresh food, rose 2.9 percent from a year earlier. The rate peaked in January at 4.2 percent.
The government has been trying to fight rising inflation by subsidizing electricity and city gas charges for households. But it halved the assistance last month.
Consumers still had to pay more for their groceries.
The food index jumped by 7.6 percent.
Fresh items are excluded from the tally because they vary widely in price based on the weather.
The cost of accommodation rose more than 40 percent on a recovery in tourism demand. The number of foreign tourists continued to rise on the back of a weaker yen.
The internal affairs ministry says the consumer price index, excluding fresh food, rose 2.9 percent from a year earlier. The rate peaked in January at 4.2 percent.
The government has been trying to fight rising inflation by subsidizing electricity and city gas charges for households. But it halved the assistance last month.
Consumers still had to pay more for their groceries.
The food index jumped by 7.6 percent.
Fresh items are excluded from the tally because they vary widely in price based on the weather.
The cost of accommodation rose more than 40 percent on a recovery in tourism demand. The number of foreign tourists continued to rise on the back of a weaker yen.
Similar Readings (5 items)
Japan's consumer price inflation hits 41-year high
Japan consumer prices rose 2.8% in August
Japan consumer prices rise for 6th month as energy costs soar
Japan Nov. consumer inflation hits fresh four-decade high
Sharply higher food prices push up Japan's CPI
Summary
Japan experienced an acceleration in inflation rates for the first time in four months, with prices rising on a broad front in October. The consumer price index, excluding fresh food, rose by 2.9% year-on-year, peaking at 4.2% earlier this year. Despite government efforts to combat inflation
Statistics
141
Words1
Read CountDetails
ID: 3f5f3241-471f-473d-a628-bdf540b5e10b
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20231124_17/
Date: Nov. 24, 2023
Created: 2023/11/24 16:57
Updated: 2025/12/08 21:04
Last Read: 2023/11/24 18:35