Consumer prices have been on the rise since late 2022 Japanese consumers were hit with the biggest price spikes in over 40 years in March, with especially severe increases for food and electricity, government data shows. The core consumer price index (CPI), which excludes fresh food but includes energy costs, jumped 3.1% in March from a year ago. The reading was unchanged from the previous month and sharply lower from January’s 4.2%, mainly due to the government’s subsidies to soften the cost of utility bills for households. Excluding both food and energy in the index, inflation was measured at 3.8% in March from
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