Japan's August CPI 3.1% ↑ compared to the previous year...2 consecutive years of upward trend = South Korean report

Japan's August Consumer Price Index (CPI) increased by 3.1% compared to the same month last year, continuing its upward trend for the second consecutive year.
According to the Nihon Keizai Shimbun on the 22nd, the Ministry of Internal Affairs and Communications announced on that day that the CPI increase rate for August was
It was announced that the increase was 3.1% compared to the same month last year. This is the same rate of increase as in July. The market forecast (3.0%) was slightly exceeded. While food and gasoline prices have risen, energy costs such as electricity and gas have increased.
Energy prices fell due to the government's rate support policy. Japan's CPI growth rate has continued to rise for 24 consecutive months. It also exceeded 3% for 12 consecutive months, and the Bank of Japan (BOJ) target value (
2%). By item, electricity rates plummeted by 20.9% compared to the same month last year, and the decline was wider than in July (16.6%). This is the largest negative decline since statistically comparable January 1971.
. Energy prices overall fell by 9.8%, including a 13.9% drop in city gas prices. Meanwhile, food prices excluding fresh food rose 9.2%. Due to rising raw material and logistics costs,
Scream and carbonated drinks rose by 12.7% and 16.7%, respectively. Gasoline prices rose 7.5%, widening the rate of increase from July (1.1%), and room rates also rose due to the COVID-19 virus pandemic.
Since then, the price has soared by 18.1% due to increased tourism demand. On the other hand, the overall CPI, which excludes fresh food and energy, which are highly volatile, was 4.3% compared to the same month last year, the same as the previous month. In contrast, in 1981
Nikkei explained that the situation has continued since May this year, with the index reaching its highest level since June (4.5%).