Fuel prices push Tokyo inflation to fastest pace in 16 months

fuel prices push tokyo inflation to fastest pace in 16 months

Sumary of Fuel prices push Tokyo inflation to fastest pace in 16 months:

  • TOKYO (BLOOMBERG) – Higher fuel prices drove up Tokyo’s cost of living at the fastest pace in 16 months, although the increases were still tiny compared to those confronting consumers in other economies where central banks are pulling back pandemic-era stimulus.
  • Prices in the capital, excluding those for fresh food, increased 0.3 per cent in November from a year earlier, the ministry of internal affairs reported on Friday (Nov 26).

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