Tokyo consumer prices rise at fastest pace in 7 years
2022-05-06 10:35:09 source：Reuters
May 5, 2022
TOKYO, May 6 (Reuters) - Core consumer prices in Tokyo, considered a leading indicator of Japanese price trends, rose 1.9% in April from a year earlier, marking the fastest annual pace in seven years, government data showed on Friday.
The increase in inflation, driven mostly by food costs and the dissipating effect of past cellphone fee cuts, underscores a common view among economists that Japan will see price rises accelerate to the central bank's 2% target in coming months.
"The nationwide (core) inflation may rise above 2% in April-June...as the picture has been the same in recent months - food price hikes have been widening," said Takumi Tsunoda, senior economist at Shinkin Central Bank Research Institute.
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