News & Feeds March 25, 2022

Tokyo Inflation Hits Fastest Clip in Two Years on Energy

The cost of living in Tokyo increased by the biggest margin in more than two years this month as the impact of surging oil prices prompted another acceleration of inflation. Consumer prices excluding fresh food climbed 0.8% in the capital in March from a year earlier, according to the ministry of internal affairs Friday. Economists had expected an increase of 0.7%. Price moves in Tokyo are a leading indicator for national inflation. Even with the acceleration, inflation in Tokyo still remains well below the Bank of Japan’s 2% target and is unlikely to nudge Governor Haruhiko Kuroda to follow his global peers in