Tokyo, March 31 (Jiji Press)–Consumer inflation in central Tokyo slowed to 1.7 pct year-on-year in March, decelerating for the fourth straight month, the Japanese internal affairs ministry said Tuesday. The pace of growth in the core consumer price index in the capital’s densely populated 23 special wards remained below 2 pct for two months in a row because of a slowdown in food price hikes and government subsidies on electricity and gas bills. The core CPI, which strips out volatile fresh food prices, stood at 110.0 against the 2020 base of 100, rising for the 55th consecutive month. END [Copyright The Jiji Press, Ltd.]
Tokyo’s Inflation Slows to 1.7 Pct in March
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