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

Japanese inflation rises 0.5% for second month as fuel costs surge

CPI growth at fastest pace in almost two years but remains below BOJ's 2% target

Japanese consumers in December paid 0.5% more for goods and services than they did 12 months earlier. Tokyo's popular Ginza shopping district.   © AP

TOKYO (Financial Times) -- Japanese inflation rose 0.5% last month compared to the previous year, increasing at its fastest pace in almost two years for a second consecutive month as rising energy costs added to pressure on households.

The government said on Friday that consumer prices grew at the same rate as in November, the largest increase the largest rise since February 2020 and the fourth consecutive monthly rise. The consumer price index excluded fresh food but covered energy costs, which rose 16.4%.

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