ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Inflation

Japan consumer inflation accelerates to 41-year high of 4%

December figure exceeds BOJ's price stability target for ninth straight month

Shoppers browse a Tokyo supermarket on Jan. 10. Japanese food producers plan to raise prices on thousands of products in the coming months.   © Reuters

TOKYO -- Japan's core inflation rate hit a 41-year high in December as consumer-facing businesses passed on higher import costs of food and fuel, official data released on Friday shows.

The core consumer price index -- which excludes fresh foods -- increased 4% from a year earlier, up from 3.7% in November, according to the Ministry of Internal Affairs and Communications. Last month's figure marked the sharpest rise since December 1981.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more