Consumer inflation in Japan's capital rises at fastest pace in 40 yearsreuters.com/world/asia-pacific/consumer-inflation-japans-capital-rises-fastest-pace-40-years-2022-11-24
- Tokyo Nov core CPI up 3.6% vs f'cast +3.5%
- Tokyo CPI stays above BOJ's 2% target for 6th straight month
- Data underscores broadening inflationary pressure
TOKYO, Nov 25 (Reuters) - Core consumer prices in Japan's capital, a leading indicator of nationwide trends, rose at their fastest annual pace in 40 years in November and exceeded the central bank's 2% target for a sixth straight month, signalling broadening inflationary pressure.
The increase, driven mostly by food and fuel bills but spreading to a broader range of goods, cast doubt on the view of the Bank of Japan (BOJ) that recent cost-push inflation will prove transitory, some analysts said.
The Tokyo core consumer price index (CPI), which excludes fresh food but includes fuel, was 3.6% higher in November than a year earlier, government data showed on Friday. The rise exceeded a median market forecast of 3.5% and the 3.4% increase seen in October
The last time Tokyo inflation was faster was April 1982, when the…