Tokyo, Feb. 27 (Jiji Press)–The core inflation rate for central Tokyo in February stood below 2 pct for the first time in one year and four months, the internal affairs ministry said Friday. The core consumer price index, excluding volatile perishables, for the capital’s 23 special wards went up 1.8 pct from a year earlier to 110.5 against the 2020 base of 100. Although the index extended its rising streak to 54 months, inflation came slower than the threshold pace thanks to government measures to curb price increases, experts said. According to the ministry, energy prices dived 9.2 pct, with government subsidies pushing down electricity and city gas bills by 8.2 pct and 9.5 pct, respectively. The provisional gasoline tax abolition resulted in a 14.7 pct plunge in pump prices. Meanwhile, nonfresh food prices climbed 5.5 pct. Rice prices, in particular, shot up 18.2 pct. However, their uptrend slowed for the 10th consecutive month. Private rents rose 2.2 pct, marking an increase of 2 pct or higher for three months in a row. The overall CPI with fresh food ticked up 1.6 pct, while the core-core index, which excludes perishables and energy, jumped 2.5 pct. END [Copyright The Jiji Press, Ltd.]
Tokyo Inflation Comes Below 2 Pct in Feb.
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