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Inflation in the consumer’s sector in Tokyo rapidly grows
In November, the core consumer prices in Tokyo showed the fastest annual growth rate in 40 years. They have overcome the 2% indicator of the central bank for the sixth month in a row. This situation indicates heightened inflationary pressure.
The BOJ declared that the recent cost-push inflation won’t be permanent. However, some analysts think that the price growth, which affected many completely different goods, disproves the opinion of the central bank. It applies mainly to foodstuffs and fuel.
Daiwa Securities’ Top market economist Mari Iwashita declared that the price growth will remain. A weak yen will likely keep inflation high next year.
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