Japan February Consumer Prices Up 2.8%... Increase Rate Expands Compared to January
Japan's consumer price index (excluding fresh food) rose by 2.8% year-on-year in February, the Ministry of Internal Affairs and Communications announced on the 22nd.
The February increase was 0.8 percentage points higher compared to the previous month. The rise in food prices and accommodation costs appears to be the main factors driving the inflation increase. Last month, food prices excluding fresh food rose by 5.3%, and accommodation costs jumped by as much as 33%.
Kyodo News noted, "As the government's electricity and city gas support program marks its first year, the effect of this policy in curbing inflation has diminished."
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- Nana Home Intruder Who Filed 'Counter Attempted Murder Complaint' Referred to Prosecution for False Accusation
- "Groups of 5 or More Now Restricted"... Unrelenting Running Craze Leaves Citizens and Police Exhausted
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
Japan's consumer prices have risen for 30 consecutive months.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
