Southeast Asia Information Port (www.dnyxxg.com) – Statistics released by Japan's Ministry of Internal Affairs and Communications on the 28th showed that the core consumer price index (CPI) excluding fresh food in Tokyo's 23 wards for November was 111.4, a year-on-year increase of 2.8%.
The data showed that food prices excluding fresh food rose 6.5% year-on-year in November. Among them, the price of ordinary rice rose 38.5% year-on-year; sushi prices rose 14.5% year-on-year; rice balls, a common dish in Japanese diets, rose 17.3% year-on-year; chocolate prices rose 32.5% year-on-year; coffee bean prices rose 63.4% year-on-year; and chicken prices rose 12.3% year-on-year.
The data also showed that electricity prices rose 4.5% year-on-year in November due to the Japanese government's suspension of subsidies for electricity and gas. In addition, hotel accommodation fees rose 9.2% year-on-year.
As Prime Minister Sanae Takaichi persists in implementing expansionary fiscal and monetary policies, domestic media and experts in Japan are generally concerned that this policy combination will exacerbate the depreciation of the yen, further pushing up inflationary pressures in Japan.
The CPI data from Tokyo's 23 wards is a leading indicator of Japan's national CPI. The November national CPI will be released on December 19th. (End)
