The consumer price index (CPI) in Japan it rose 4.2% in January, its highest increase in 41 years, amid the persistent global inflationary rise due to the increase in the cost of energy and raw materials.
The data published this Friday by the Japanese Ministry of the Interior and Communications marks the seventeenth consecutive month of increase in the indicator, which excludes fresh food prices due to their high volatility, and marks the highest price rise in the country since December 1981. , when the CPI rose 4.3%.
This January’s increase is preceded by a rise in the CPI of 4% in December and 3.7% in November, remaining above the 2% target set by the Bank of Japan (BoJ). Compared to the previous month, the index increased by 0.2%.
The increase in energy prices was once again the most notable and the main driver of the price increase in the first month of 2023, with a rise of 14.6% year-on-year.
Specifically, the price of electricity increased by 20.2% last month compared to the previous year, that of gas increased by 24.3% and that of other fuels became more expensive by 4.3%.
Core inflation, which excludes energy and food prices due to their high volatility, was 3.2% compared to the same month of the previous year and 0.1% compared to the previous month.
The Japanese central bank is placing special emphasis on the importance that subjacent inflation has when it comes to indicating the real inflationary pressure that the third world economy is experiencing, especially that derived from demand and not from external factors such as rising prices. of fuels.
Source: EFE
Source: Gestion
Ricardo is a renowned author and journalist, known for his exceptional writing on top-news stories. He currently works as a writer at the 247 News Agency, where he is known for his ability to deliver breaking news and insightful analysis on the most pressing issues of the day.
