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

Japan inflation accelerates on rising material and energy costs

CPI hits 0.8% in March, but 2.2% when impact of cut in mobile fees excluded

A supermarket in Tokyo. As a number of factors conspire to push Japan's consumer prices higher, wage hikes have been slow.   © Reuters

TOKYO -- Inflation in Japan is continuing to accelerate, hitting a 26-month high as more businesses pass on rising raw material and energy costs to consumers.

According to official data released on Friday, Japan's core consumer price index -- all items less fresh foods -- rose 0.8% in March from a year earlier, marking the sharpest rise since Jan. 2020. January's inflation rate was 0.2%, and February's was 0.6%.

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