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Tokyo Consumer Prices Rise 1.8% in August as Inflation Accelerates

TOKYO - Consumer prices in central Tokyo rose 1.8% in August from a year earlier, with the pace of inflation accelerating for a third consecutive month as higher food prices continued to put upward pressure on household costs.

The core consumer price index for Tokyo's 23 wards, which excludes volatile fresh food prices, stood at 102.3, according to data released by the Ministry of Internal Affairs and Communications.

The year-on-year increase accelerated from 1.7% in July, marking the third straight month in which the inflation rate expanded.

Higher prices for food excluding fresh products were a major factor behind the increase, with particularly strong gains recorded for boxed meals and domestically produced beef.

Source: テレ東BIZ

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