By Takahiko Wada and Leika Kihara
TOKYO (Reuters) – Consumer prices in Japan’s capital, seen as a leading indicator of the country’s economic outlook, rose 3.6% in November from a year earlier, marking the fastest annual pace in 40 years and pointing to an increase in inflation. for prices.
The increase in the Tokyo core Consumer Price Index (CPI), which does not include fresh food but includes the price of fuel, exceeded the index of the central market to gain 3.5% and accelerate the increase of 3.4% in October, government data showed on Friday.
Tokyo’s consumer price index remained above the Bank of Japan’s target of 2% for six straight months in November, indicating that rising commodity prices were pushing up prices of daily necessities.
Tokyo’s core CPI index, which excludes all new food and fuel costs, rose 2.5% in November from a year earlier, from a gain of 2.2% in October.
The Bank of Japan has kept interest rates very low as it believes that inflation will be seen for some time, remaining a supporter among central banks that are tightening monetary policy to combat rising inflation.