Giappone Tasso Di Inflazione

Japan's consumer prices rose by 1.2% yoy in March 2022, the most since October 2018, after a 0.9% gain a month earlier. The latest figure marked the 7th straight month of annual inflation, with food prices rising at the fastest pace in over 5 years (3.4% vs 2.8% in February). Additional upward pressures also came from cost of fuel, light and water charges (16.4% vs 15.3%), clothes & footwear (0.7% vs 1.4%), culture & recreation (1.3% vs 1.3%), housing (0.3% vs 0.3%), education (1.4% vs 1.2%), and miscellaneous (1% vs 0.9%). By contrast, prices fell for medical care (-0.4% vs flat reading), transport (-7% vs -7.4%) and furniture (-0.4% vs -0.8%). Core consumer prices went up 0.8% yoy, the 7th consecutive month of rises and the most since January 2020, matching forecasts but remaining well below the BoJ’s 2% target. On a monthly basis, consumer prices went up 0.4% in March, the same pace as in February and staying at their steepest pace in five months.