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Inflation

Consumer inflation in Tokyo rises at fastest pace in 40 years

Year-on-year 3.6% is sign of broadening pressure, above Bank of Japan target

Tokyo's core consumer price index, which excludes fresh food but includes fuel costs, rose 3.6% in November from a year earlier. (Photo by Suzu Takahashi)

TOKYO (Reuters) -- Core consumer prices in Japan's capital, considered a leading indicator of nationwide trends, rose 3.6% in November from a year earlier, marking the fastest annual pace in 40 years in a sign of broadening inflationary pressure.

The gain continued to be driven mostly by electricity bills and food prices as companies passed rising raw material costs on to households, clouding the outlook for consumption and Japan's fragile economic recovery.

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