The Strategist

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

03/03/2023 - 10:55

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
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.