The core consumer price index for the Ku-area of Tokyo in Japan surged 3.6% to 103.6 points in November 2022, the fastest pace in 40 years amid broadening inflationary pressures due to high raw material costs and a weak yen. Tokyo’s core inflation rate, a leading indicator of nationwide price trends, also exceeded forecasts for a 3.5% rise and followed a 3.4% gain in October. It exceeded the Bank of Japan’s 2% target for the sixth straight month as businesses continued to pass on higher costs to consumers. Still, the BOJ is widely expected to maintain ultra-loose monetary policy despite rising inflation and a weakening yen as it sees external factors driving such trends, while domestic wage growth and consumption remain soft. source: Statistics Bureau of Japan
Tokyo Core CPI in Japan averaged 86.72 points from 1970 until 2022, reaching an all time high of 103.60 points in November of 2022 and a record low of 30.80 points in January of 1970. This page includes a chart with historical data for Japan Tokyo Core CPI. Japan Tokyo Core CPI - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.