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Tokyo Consumer Prices Signal Rise in Japan-Wide Inflation
Tokyo Consumer Prices Signal Rise in Japan-Wide Inflation

Wall Street Journal

time3 days ago

  • Business
  • Wall Street Journal

Tokyo Consumer Prices Signal Rise in Japan-Wide Inflation

TOKYO—Consumer inflation in the Tokyo metropolitan area picked up in May, signaling persistent price pressures nationwide. Excluding fresh food, consumer prices in Tokyo rose 3.6% in May from a year earlier as food prices continued to rise, official data showed Friday. That compared with April's 3.4% increase and the 3.5% growth expected in a poll of economists by data provider Quick.

Tokyo Prices Rising Most in Two Years Put Pressure on Ishiba
Tokyo Prices Rising Most in Two Years Put Pressure on Ishiba

Bloomberg

time3 days ago

  • Business
  • Bloomberg

Tokyo Prices Rising Most in Two Years Put Pressure on Ishiba

By Updated on Save Prices in Tokyo jumped the most in two years, in a worrisome sign for Prime Minister Shigeru Ishiba ahead of a summer election, and one that will keep the central bank on track for another rate hike in coming months. Consumer prices excluding fresh food rose 3.6% in the capital in May from a year earlier, accelerating from 3.4% in April, the Ministry of Internal Affairs said Friday. The increase, which outpaced economists' median forecast of a 3.5% gain, was the biggest since January 2023. Overall inflation came to 3.4%, matching a revised 3.4% in April.

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