Tokyo's inflation hits 2.6%, highest in a year, fueling speculation of an interest rate hike.

Tokyo's inflation rate rose to 2.6% in November, the highest in a year, driven by rising energy and food prices as government subsidies wind down. This marks the first significant increase in three months and has sparked speculation of a potential interest rate hike by the Bank of Japan in December. The core consumer price index in Tokyo also rose to 2.2%, above the 2% target, indicating continued pressure on household costs.

November 29, 2024
17 Articles

Further Reading