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Tokyo Core Consumer Prices Up 2.7 pct in FY 2023

Tokyo Core Consumer Prices Up 2.7 pct in FY 2023

   Tokyo, March 29 (Jiji Press)--Core consumer prices in central Tokyo rose 2.7 pct from the previous year in fiscal 2023, exceeding the Bank of Japan's 2 pct inflation target for the second consecutive year, an internal affairs ministry report showed on Friday.
   The core consumer price index, which excludes often volatile fresh food prices, stood at 105.6 for Tokyo's densely populated 23 wards, against 100 for the base year of 2020. The index rose for the second consecutive year, after climbing 2.9 pct in fiscal 2022.
   By category, nonperishable food prices jumped 7.3 pct, steeper than 5.3 pct in the previous year, with confectionery prices up 11.0 pct and milk and egg prices up 14.8 pct.
   Meanwhile, energy prices dropped 12.5 pct, with electricity and city gas rates down 16.3 pct and 12.4 pct, respectively, thanks to the government's subsidy program.
   The overall CPI, which includes fresh food prices, advanced 2.8 pct, and the narrower index, which excludes fresh food and energy prices, rose 3.6 pct.

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AFP-JIJI PRESS NEWS JOURNAL


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