2022.05.20 21:00Nation

物価上昇、消費に悪影響も 日銀の2%目標超え


2022.05.20 21:00Nation

Higher Prices Likely to Dampen Consumption in Japan

Higher consumer prices led by gasoline, food and daily necessities are likely to dampen consumer spending in Japan unless wage growth keeps up with the pace of the markups.
   Prices have begun to show marked increases also at the retail level, reflecting higher import prices due to soaring resources prices and the yen's weakening.
   The core consumer price index, which excludes volatile fresh food prices, rose 2.1 pct from a year earlier in April, logging the biggest growth in seven years and one month and exceeding the Bank of Japan's inflation target of 2 pct.
   The pace of growth accelerated from 0.8 pct in March as downward pressure from mobile phone communications fee cuts in spring last year began to dissipate.
   In April this year, the producer price index, which measures the costs of goods traded between companies, jumped 10.0 pct, the biggest growth under comparable data going back to 1981.