Economics
Faster Tokyo Price Gains to Keep BOJ Speculation Smoldering
- Energy prices rise at fastest pace in nearly 41 years
- Acceleration likely to keep BOJ policy speculation rumbling on
Customers shop at a grocery store in Tokyo.
Photographer: Noriko Hayashi/BloombergThis article is for subscribers only.
The rise in the cost of living in Tokyo matched its fastest pace in the last two years in February, driven by higher energy prices that could climb further in the coming months following the Russian invasion of Ukraine.
Excluding fresh food, consumer prices in the capital increased 0.5% from a year earlier as utility bills soared, according to the ministry of internal affairs Friday. That outpaced a 0.4% gain expected by economists.