Excluding variable fresh food products, inflation continues to rise in Japan, according to data released by the Ministry of Interior and Communications.
The core CPI in Japan increased by 4.2 percent in January 2023 compared to January 2022, driven by rising energy and raw material costs.
Highest growth rate after 41 years
Excluding the effect of consumption tax increases, this rate stood out as the highest inflation rate recorded in Japan for the last 41 years.
The highest priced
According to the data released for January 2023, food prices in Japan increased by 7.4 percent, while city gas prices increased by 35.2 percent and electricity prices by 20.2 percent.
Among the reasons for the increase in inflation are the rise in energy and raw material costs and the intermittent depreciation of the Japanese yen against exchange rates.