May Consumer Price Index Exceeded 2.1% year-on-year for more than 2% for 2 consecutive months

Looking at the price movements of goods and services consumed at home Last month and May, the consumer price index excluding fresh food, which fluctuates greatly due to the weather, exceeded the same month last year by 2.1%.

The main reason for this is that crude oil prices have remained high, and it has been the second consecutive month that the government and the Bank of Japan have exceeded the target of 2%.