Inflation

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

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

20230119 japan cpi

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

KENTARO IWAMOTO, Nikkei staff writer
January 20, 2023 08:42 JST
Updated on January 20, 2023 13:15 JST

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.

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