By KEIICHI KITAGAWA/ Staff Writer
October 21, 2022 at 19:04 JST
Posters in a discount store in Tokyo’s Ota Ward on Sept. 26 announce increases in the price of beer. (Yuji Yamashita)
Japan’s consumer price index in September hit 102.9, up 3 percent year-on-year, the first time it has reached that percentage in more than 30 years, the internal affairs ministry reported on Oct. 21.
The last time the CPI rose 3 percent or more was in August 1991, excluding the period impacted by the increase in the consumption tax.
The CPI increased for the 13th consecutive month in September. It rose by 2 percent or more for the sixth consecutive month.
The Bank of Japan has set a price-stability target of 2 percent for the CPI’s rise. The CPI excludes perishable foods, whose prices tend to significantly fluctuate.
In addition to the rises in resource prices brought by the Russian invasion of Ukraine, the weaker yen has raised the prices of wide-ranging items, from energy-related ones to food.
Household durable goods prices rose by 11.3 percent year-on-year, the largest increase since March 1975.
Food prices, excluding perishables, increased by 4.6 percent, the highest jump since August 1981.
The increase in energy prices, including electricity or gas, was 16.9 percent, almost the same level as the previous month.
CPI rises by 2.8% in August, biggest surge in nearly 31 years
September 20, 2022
Yen hits 32-year low against dollar; pain rises for consumers
October 14, 2022
Bakeries in a bind over rising materials costs, what to charge
June 26, 2022
CPI increases by more than 2% for second straight month
June 24, 2022
Rising costs for fuel, food lead to biggest CPI jump in 14 years
May 20, 2022
Wholesale prices hit highest level in decades, cost of goods to rise
April 13, 2022
Here is a collection of first-hand accounts by “hibakusha” atomic bomb survivors.
A peek through the music industry’s curtain at the producers who harnessed social media to help their idols go global.
Cooking experts, chefs and others involved in the field of food introduce their special recipes intertwined with their paths in life.
A series based on diplomatic documents declassified by Japan’s Foreign Ministry
A series about Japanese-Americans and their memories of World War II
