Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Inflation in Japan unexpectedly accelerated to 3.5% in April


May, 19 2023
watermark Economic news

According to the Ministry of Internal Affairs and Communications of Japan, consumer prices in April increased by 3.5% year-on-year due to a sharp jump in food prices. As a result, inflation accelerated compared to the March value of 3.2%, which became the lowest since September 2022. Analysts predicted a slowdown in inflation to 2.5%. 


Consumer prices increased by 0.6% compared to the previous month, twice as much as in March.


In particular, food prices in Japan rose by 8.4% in April, which was the highest increase since August 1976. In March, the rise was 7.8%.


The growth of prices for transport services accelerated from 1.6% in March to 1.8%, for clothing – up to 3.8% (from 3.6%), for furniture and household goods – up to 10% from 9.4%. The growth of prices for medical services accelerated to 1.7% from 1.3%, for educational services – to 1.3% from 0.9%.


Only the rise in housing prices has slowed down: from 1.3% to 1.2%. At the same time, the cost of utilities fell by 3.8% after a 2.8% reduction in the previous month – mainly due to a drop in electricity tariffs (-9.3%).


Consumer prices in Japan excluding fresh food (a key indicator tracked by the country's central Bank) increased by 3.4% compared to the same month of the previous year. The growth rate of the indicator accelerated from 3.1% in March and coincided with analysts' forecasts.


Inflation excluding food and energy increased from 3.8% to 4.1%.


コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.