The latest inflation numbers for Japan show the country's consumer inflation hit a 41-year high in December.
Japan's internal affairs ministry says the CPI, excluding fresh food, rose 4.0 percent last month from a year earlier. That's due to rising energy and raw materials prices.
Officials also announced the inflation figure for the full year 2022.
The annual CPI, excluding fresh food, rose 2.3 percent from a year earlier.
The last time the index spiked by this margin was in 2014 when a consumption tax hike was introduced.
Excluding that, the figure represents the biggest jump since 1991.
Japan's internal affairs ministry says the CPI, excluding fresh food, rose 4.0 percent last month from a year earlier. That's due to rising energy and raw materials prices.
Officials also announced the inflation figure for the full year 2022.
The annual CPI, excluding fresh food, rose 2.3 percent from a year earlier.
The last time the index spiked by this margin was in 2014 when a consumption tax hike was introduced.
Excluding that, the figure represents the biggest jump since 1991.
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Summary
Japan experienced a 41-year high consumer inflation in December 2022, with the CPI (excluding fresh food) rising 4.0% compared to the previous year, due to increased energy and raw materials prices. The annual CPI excluding fresh food also rose 2.3%. This is the highest increase since 1991, except
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ID: aaa8830d-336b-4c65-bb82-d6b016fecd9c
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20230120_13/
Date: Jan. 20, 2023
Created: 2023/01/20 10:45
Updated: 2025/12/09 08:39
Last Read: 2023/01/20 22:27