The Japanese Ministry of Internal Affairs and Communications released data on the 20th showing that in January, Japan’s core consumer price index (CPI), excluding fresh food, rose by 2.0% year-on-year to 112, marking 53 consecutive months of year-on-year increases. The data indicates that rising food prices continue to be the main factor driving Japan’s overall inflation, with food prices excluding fresh food increasing by 6.2% year-on-year. Among these, coffee bean prices surged by 51.0% year-on-year, and regular rice prices increased by 27.9% year-on-year. Additionally, prices for home repairs, communication fees, hotel stays, and other services also rose year-on-year. (Xinhua)
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Japan's core CPI has increased year-on-year for 53 consecutive months
The Japanese Ministry of Internal Affairs and Communications released data on the 20th showing that in January, Japan’s core consumer price index (CPI), excluding fresh food, rose by 2.0% year-on-year to 112, marking 53 consecutive months of year-on-year increases. The data indicates that rising food prices continue to be the main factor driving Japan’s overall inflation, with food prices excluding fresh food increasing by 6.2% year-on-year. Among these, coffee bean prices surged by 51.0% year-on-year, and regular rice prices increased by 27.9% year-on-year. Additionally, prices for home repairs, communication fees, hotel stays, and other services also rose year-on-year. (Xinhua)