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Rate of price growth in Tokyo declines for the first time in more than a year

03/03/2023 10:55 AM

According to preliminary statistics, Tokyo's annual price growth rate was 3.3% in February, the Japanese Ministry of National Affairs reported on Friday.

Yuya Tamai

Consequently, the monthly inflation rate slowed for the first time in 13 months.

The annual price increase was 4.3% a month ago, the highest since May 1981.

Bread increased in price by 14.6%, vegetable oil by 32%, carbonated drinks by 15.7%, gas by 20.4%, refrigerators by 43.6%, and cell phones by 20.8% in the Japanese city.

source: asia.nikkei.com

Rate of price growth in Tokyo declines for the first time in more than a year

According to preliminary statistics, Tokyo's annual price growth rate was 3.3% in February, the Japanese Ministry of National Affairs reported on Friday.

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