Japan Nov consumer inflation likely to hit fresh four-decade high – Reuters poll

  • 📰 inquirerdotnet
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 86%

Philippines Headlines News

Philippines Latest News,Philippines Headlines

Japan’s nationwide consumer price inflation likely hit a fresh 40-year high in November, as firms increasingly passed on high energy, food and raw material costs to households, a Reuters poll showed.

TOKYO –

November’s nationwide core consumer price index , which excludes volatile fresh food prices but includes energy, will likely show a rise of 3.7 percent from a year earlier, according to the poll.That would be above the prior month’s annual rise of 3.6 percent and would mark the biggest jump since the 4.0 percent seen in December 1981.

“While the rate of increase of energy prices is slowing, the reason is that continuing price hikes of food items are pushing up ,” economists at Dai-ichi Life Research Institute said, adding that firms were passing on higher costs to consumers more broadly.

Source: Energy Industry News (energyindustrynews.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Reuters kasalanan to ni bbm golden years? 🤣

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan Nov exports up 20%, overwhelmed by hefty imports -MOFJapan’s exports rose 20 percent in November from a year earlier but imports outpaced shipments, resulting in a 16th straight month of trade deficits, Ministry of Finance data showed. | Reuters
Source: inquirerdotnet - 🏆 3. / 86 Read more »

PEZA-approved investments drop 11.5% as of Nov. - BusinessWorld OnlineAPPROVED INVESTMENTS by the Philippine Economic Zone Authority (PEZA) dropped 11.5% in the first 11 months of 2022, but its top official is still hoping to achieve its 6-7% growth target by yearend. PEZA in a statement said it generated P57.048-billion investments from 181 projects for the January-to-November period. This is lower than the P64.463-billion […]
Source: bworldph - 🏆 9. / 68 Read more »

January-November meat imports surpass 2021 record–report - BusinessMirrorThe country’s meat imports in January to November surged to a new record high of 1.25 million metric tons (MMT), surpassing the volume recorded in 2021, due to more pork purchases, the latest government data showed. Bureau of Animal Industry (BAI) data indicated that total meat imports in 11 months rose by 13.63 percent from
Source: BusinessMirror - 🏆 19. / 59 Read more »

Asian FX bulls return as easing China COVID curbs improves outlook – Reuters pollInvestors were most bullish on the Singapore dollar and the Thai baht since the Russia-Ukraine conflict broke out in February, as China easing its strict COVID curbs and hopes of major central banks tempering the monetary policy lifted sentiment.
Source: inquirerdotnet - 🏆 3. / 86 Read more »

Japan to radically overhaul defense policy on China threatsTOKYO: Japan is expected to announce its biggest defense overhaul in decades this week, hiking spending, reshaping its military command and acquiring new missiles to tackle the... Phantom threat. Threatened economically, that is. just like the US. Japan used to be the 2nd largest economy. Not anymore. In time, China will become the top economy in the world. And US and Japan are running scared. lol vassal state
Source: TheManilaTimes - 🏆 2. / 92 Read more »

Japan Dec factory activity contracts at fastest pace in 26 monthsTOKYO - Japan&039;s manufacturing activity shrank at the fastest pace in more than two years in December on soft demand and persistent cost pressures, a corporate survey showed on Friday. While
Source: inquirerdotnet - 🏆 3. / 86 Read more »