TOKYO, Aug 23 (News On Japan) –
The Ministry of Internal Affairs and Communications introduced that Japan’s nationwide Consumer Price Index (CPI) for July, excluding contemporary meals attributable to its worth volatility, elevated by 2.7% in comparison with the identical month final yr.
This marks the thirty fifth consecutive month of enhance, with the expansion price increasing for the third straight month since May.
One of the contributing components is the numerous rise in vitality costs, which noticed a pointy enhance after authorities subsidies for electrical energy and fuel quickly ended.
In addition, meals costs have continued to rise. Notably, the value of rice, excluding Koshihikari, elevated by 18% year-on-year, pushed by a discount in provide brought on by final summer season’s excessive warmth and a surge in demand from the eating business.
Furthermore, the value of senbei (rice crackers) additionally jumped by 16.1% as a result of rising value of rice and different uncooked supplies.
Source: ANN