Japan Core Consumer Prices Rise 2.8 Pct in FY 2023

   Tokyo, April 19 (Jiji Press)--Japan's core consumer prices in fiscal 2023 grew 2.8 pct from the previous year, rising for the third straight year on higher food prices, government data showed Friday.
   The core consumer price index, which excludes often volatile fresh food prices, averaged 105.9 in the year that ended last month, against the base year of 2020, the internal affairs ministry said.
   The core CPI growth exceeded the Bank of Japan's 2 pct inflation target for the second successive year, although the pace of increase slowed from the previous year's 3.0 pct.
   Growth in prices of food excluding perishables accelerated to 7.5 pct from 5.4 pct, posting the fastest increase since 11.4 pct in fiscal 1975.
   Prices of milk and eggs surged in response to higher feed prices. Many other food items marked price rises, including confectionery and prepared food.

(2024/04/19-13:39)