Tokyo core consumer prices rise at fastest pace in more than a year

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TOKYO : Core consumer prices in Tokyo rose at the fastest pace in over a year in November, data showed on Friday, as electricity and fuel costs surged due to higher global energy prices and the costs of overnight stays jumped.The uptick in prices highlights the chance nationwide inflation will pick up in

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TOKYO : Core consumer prices in Tokyo rose at the fastest pace in over a year in November, data showed on Friday, as electricity and fuel costs surged due to higher global energy prices and the costs of overnight stays jumped.

The core consumer price index for Japan's capital, which includes oil products but excludes fresh food prices, rose 0.3per cent in November compared with a year earlier, government data showed. The Tokyo index, which is considered a leading indicator of nationwide price trends, was pushed up by the biggest year-on-year jump in energy prices in over eight years as well as the fastest rise in fuel costs in more than four decades.

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