Tokyo, Dec. 19 (Jiji Press)–Japan’s core consumer price index in November rose 3.0 pct from a year earlier, lifted by continued increases in food prices and higher electricity bills, government data showed Friday. The core CPI, which excludes volatile fresh food prices, stood at 112.5 against 100 for the base year of 2020, rising for 51 consecutive months, the internal affairs ministry said. The pace of growth was unchanged from the previous month. Food prices excluding fresh food increased 7.0 pct. Rice prices surged 37.1 pct. Prices of sweets such as chocolate gained 8.8 pct. Prices of coffee beans jumped 51.6 pct due to unfavorable weather in production areas. Energy prices were up 2.5 pct. Electricity bills climbed 4.9 pct, and city gas prices rose 0.9 pct, following the end of government subsidies. By contrast, gasoline prices fell 0.9 pct, reflecting a rise in government subsidies ahead of the planned abolition of the provisional gasoline tax surcharge at the end of this year. Accommodation fees expanded 9.2 pct, mainly due to demand from inbound visitors. Mobile phone communication charges grew 14.5 pct, stemming from new pricing plans. The overall CPI, which includes fresh food prices, rose 2.9 pct, while the index excluding fresh food and energy prices increased 3.0 pct. END [Copyright The Jiji Press, Ltd.]
Japan Core Consumer Prices Up 3.0 Pct in Nov.
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