Tokyo’s Consumer Price Index Hits Highest Level Since 1982

The nationwide inflation also reached a 40-year high in October

People shop at a drugstore chain store in downtown Tokyo, Japan, on Nov. 18, 2022. Richard A. Brooks/AFP via Getty Images

Consumer prices in Japan’s capital, Tokyo, rose 3.6 percent in November from the previous year, the fastest pace since 1982, owing to a weaker yen and higher energy prices, government data showed on Nov. 25.

Tokyo’s core consumer price index (CPI), which excludes fresh food items, exceeded the Bank of Japan’s (BOJ) 2 percent target for the sixth consecutive month, indicating persistent inflationary pressures, Kyodo News reported.