Money

Tokyo sees rapid increase in consumer prices in seven years

Japan has seen the fastest increase in consumer prices in seven years

April saw a 1.9 per cent rise compared to the previous year.

Economists expect that price rises will reach 2 per cent within the next few months, a result of growing inflation as food becomes more expensive.

One expert from the Shinkin Central Bank Research Institute says “it may not keep accelerating further as the pace of the energy price inflation is slowing”.

The 1.9 per cent increase is point 1 per cent higher than originally forecasted.

The index includes energy items but excludes fresh food.

The last time Tokyo saw such gains was in March 2015 when the index rose 2.2 per cent.

Amongst food items, hamburgers, breads and takeaway sushi packages saw the biggest price hikes.

Up next
Exploring Xi’an’s Tang Dynasty through modern technology

Alicia Relinque Eleta explores Xi'an's ancient history through modern technology and AI in a fascinating cultural journey

Read the story →
Ticker Today takes a daily view of the world of news, politics and business.With Ahron YoungWhisky & Suits explores law, property finance and business over fine whisky.With Imran Khan and Chris ChristofiThe Founders Method explores practical lessons and systems for entrepreneursWith Jonathan Byrt and Jesse LeeworthyThe Connector explores property and urban growth across Australia and the UK.With Belinda CoateThe Property Playbook delivers research-led insights for property investors.With Tim Graham and Terry RyderState of Hospitality explores the challenges facing Australia's hospitality.With Jeremy KoadlowBuying Power helps young professionals enter property and build lasting wealth.With Victor and Reshmi KumarThe Airport Economist explores global trade, business and economic outlooks.With Tim HarcourtMedia Movers explores the trends shaping Australia's media and global news.With James ManningBroker Business explores strategies to build, grow and sustain a business.With Rex AfrasiabiMoney Matters explores practical financial strategies to build lasting wealth.With Dr Steven EnticottBeyond Education explores the ideas and technology shaping future learning.With Greg CampitelliTicker Air explores the latest aviation news, travel trends and developments.With Ahron YoungEarly Years Dialogue explores the issues shaping Australia's early learning.With Paul MondoMarkets and Machines explores AI, regulation and trends shaping the markets.With Chris BergSocial Intelligence explores how social media and AI transform our daily lives.With Dr Karen SutherlandThe AI Edge explores how artificial intelligence reshapes the world economy.With Brad Gastwirth

More from Ticker

Watch

More in Money

View all →