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Tokyo's November consumer inflation up 2.3 pct

0 Comment(s)Print E-mail Xinhua, December 5, 2023
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TOKYO, Dec. 5 (Xinhua) -- Core consumer inflation in Japan's capital Tokyo rose 2.3 percent in November from a year earlier, government data showed Tuesday.

The core consumer price index (CPI), which excludes volatile fresh food prices but includes fuel costs, in the capital's densely populated 23 wards stood at 106.0 against the 2020 base of 100, flat with the previous month's level, the internal affairs ministry said.

The consumer price growth in Tokyo, considered a leading indicator of nationwide trends, remained well above the Bank of Japan's 2-percent target while slowing from a 2.7-percent rise in October.

In Tokyo, the year-on-year rise in prices of food, excluding fresh food, came in at 6.4 percent, a slowdown from the 7.3-percent climb logged the month before.

Meanwhile, energy prices fell 16.7 percent year on year in November, a larger decrease than the 14.1-percent drop seen in October. Enditem

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