December Consumer Price Index Gasoline price rise 0.7% on Jan 24 11:30
Last month's consumer price index, which looks at the movement of household goods and services, rose 0.7% compared to the same month in the previous year. The rise in gasoline has had a greater impact than ever before.
According to the Ministry of Internal Affairs and Communications, the Consumer Price Index excluding fresh food last December was 102.2, with the index of 2015 as 100, up 0.7% from the same month of the previous year.
The index has risen for 36 consecutive months.
Last month, “restaurants” such as sushi and grilled meat increased due to rising material and labor costs, and the effect of the consumption tax increase last October caused JR ordinary fares to be lower than in the same month of the previous year. And rose.
On the other hand, childcare fees for kindergartens and other services fell significantly last month compared to the previous year, as early childhood education and childcare services began free of charge at the same time as the tax increase.
However, the rise in the index last month increased 0.2 points from 0.5% last November, reflecting the rise in gasoline prices.
The Ministry of Internal Affairs and Communications has stated that prices will continue to rise slowly.
On the 24th, the consumer price index for the past year was also released, excluding fresh food, which rose 0.6% from the previous year.
Although the BOJ's target of 2% inflation is far below the target, the CPI has been positive for the third consecutive year and has been increasing moderately.