Consumer price index minus for the first time in 3 years and 4 months New corona impact May 22 8:43
Looking at price movements of goods and services consumed at home, the consumer price index in April fell 0.2% compared to the same month last year, and turned negative for the first time in 3 years and 4 months. This is because crude oil prices fell and gasoline prices dropped as demand fell due to the worldwide spread of the new coronavirus.
The Consumer Price Index excluding fresh foods released last month by the Ministry of Internal Affairs and Communications was 101.6 with 2015 as 100.
This was a decrease of 0.2% compared to the same month last year and turned negative for the first time in 3 years and 4 months.
This is because crude oil prices fell and gasoline prices dropped as demand fell due to the worldwide spread of the new coronavirus.
In addition, since the number of foreign tourists has fallen sharply, hotel fees have fallen, and the stagnation of economic activity due to the spread of infections has also affected prices.