Tokyo Consumer Prices Show Slowest Rise in 25 Months

   Tokyo, April 26 (Jiji Press)--Core consumer prices in central Tokyo gained 1.6 pct from a year before in April, marking the slowest increase in 25 months, the internal affairs ministry said Friday.
   The core consumer price index, which excludes often volatile fresh food prices, came to 106.4 for Tokyo's densely populated 23 special wards, against 100 for the base year of 2020, rising for the 32nd straight month.
   The pace of growth slowed from 2.4 pct in March, hitting the lowest level since March 2022. It is the first time since January this year for the Tokyo core CPI to fall short of the Bank of Japan's inflation target of 2 pct.
   Prices of food excluding perishables rose 3.2 pct. The rate of price increase kept declining after peaking at 9.0 pct last July, with prices of dairy goods, eggs, sweets and other items beginning to stabilize.
   Public and private high school tuition fees fell 94.5 pct and 61.7 pct, respectively, after the Tokyo metropolitan government abolished this fiscal year the income cap on subsidies intended to make tuition effectively free.

(2024/04/26-13:34)

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