Alexa

Japan consumer price index logs fastest rise in nearly decade, rising 0.4 percent in November

Japan consumer price index logs fastest rise in nearly decade, rising 0.4 percent in November

Japan's core consumer prices logged their biggest rise in almost a decade in November, largely due to rising energy costs, the government said Friday.
Data from the Ministry of Internal Affairs and Communications showed that the core consumer price index, which strips out volatile fresh food prices, rose 0.4 percent in November compared to the same month a year ago.
The reading was above the 0.3 percent gain forecast by economists polled by Dow Jones Newswires and Nikkei, and marked the fastest rise since a 1.8 percent increase in March 1998.
It was the second straight month the index rose following a 0.1 percent gain in October.
Energy prices rose 5.4 percent in November from a year earlier, adding a 0.42 percentage point to the core CPI figure, according to the data. Gasoline prices surged 10.8 percent on the year, and heating oil prices registered an 11.9 percent climb.
Nonperishable food items such as mayonnaise and candy rose 0.3 percent from November last year as the high oil prices hit production costs, the ministry said.


Updated : 2020-12-04 23:18 GMT+08:00