Consumer prices in Japan have risen year-on-year for nine consecutive months. Energy and food prices have risen significantly.

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Source: Overseas Network

Consumer prices in Japan have risen year-on-year for 9 consecutive months (Japan NHK TV)

　　Overseas Network, June 24thAccording to Kyodo News on the 24th, Japan’s Ministry of Internal Affairs and Communications announced on the 24th that Japan’s consumer price index in May was 101.6 (excluding fresh food), an increase of 2.1% over the same period in 2021. The index has risen year-on-year for nine consecutive months.

Japan’s consumer price index exceeded the 2% target set by the Bank of Japan for two consecutive months, and energy and food prices rose significantly. According to Kyodo News, due to the rapid depreciation of the yen and the impact of factors such as soaring energy and food prices, domestic prices in Japan remain high. However, the wages of residents have not increased accordingly, which has led to an increasing economic burden on people’s families. (Overseas Network/Wang Shanning Internship Compilation/Fan Xin)

Responsible editor: Li Yuan