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Tokyo's consumer inflation seen picking up in February on high fuel costs

While many analysts forecast Japan's consumer inflation will accelerate in coming months, price rises are still seen modest compared to those in other economies such as the United States

Photo: Bloomberg
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Photo: Bloomberg

Reuters Tokyo
Core consumer prices in Tokyo likely rose in February at a faster rate than in the previous month on surging fuel costs, underlining the prospect of price pressures picking up nationwide, a Reuters poll showed.

Consumer inflation across Japan, including in its capital, is expected to rise in the coming months due to higher energy prices, and as last year's major cuts in cellphone service fees disappear from year-on-year comparison calculations in April.

Tokyo's core consumer price index (CPI), which includes energy but excludes fresh food prices and is a leading indicator of nationwide price trends, was expected to rise 0.4% in

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First Published: Feb 18 2022 | 11:26 AM IST

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