Japan's Inflation Rises for 1st Time in 4 Months
Tokyo, March 22 (Jiji Press)--Japanese consumer inflation rose for the first time in four months in February as the pace of declines in electricity and city gas fees slowed, government data showed Friday.
The core consumer price index, which excludes volatile fresh food prices, climbed 2.8 pct from a year before to 106.5 against the 2020 base of 100, rising for the 30th straight month, the internal affairs ministry said.
Electricity fees fell 2.5 pct following a 21.0 pct decline in January, and city gas rates dropped 13.8 pct after a 22.8 pct fall. The effects of government subsidies introduced in January last year to help lower electricity and gas costs waned.
Overall energy prices fell 1.7 pct, a smaller decline than January's 12.1 pct drop.
Food prices, excluding fresh food, rose 5.3 pct.
(2024/03/22-10:11)
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