Japanese inflation hits 40-year high ...News

News by : (Russia Today) -
Consumer prices have risen due to soaring energy costs, official data shows Japan’s core consumer inflation benchmark hit a fresh four-decade high last month as companies continued to pass on rising costs to households, government data showed on Friday. The nationwide consumer price index (CPI), which excludes volatile fresh food but includes energy costs, jumped 3.7% in November from a year ago, in line with market forecasts and up from a 3.6% gain in the previous month. It was the biggest rise since December 1981. The data showed that, aside from utility bills, prices rose for a wide range of goods – from fried

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