Japanese inflation hits four-decade high ...News

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Japanese inflation hits four-decade high
Consumer prices are rising as higher energy costs are passed on to households Japan’s core consumer inflation index hit a 41-year high last month as companies continue to pass rising energy costs continue on to households, government data showed on Friday. The consumer price index (CPI), which excludes fresh food but includes energy costs, jumped 4.2% in January from a year ago, up from the 4.0% reading the previous month. It was the biggest increase since September 1981, when the country suffered from a spike in fuel costs due to the Middle East oil crisis. On a monthly basis, consumer prices grew 0.4% in January

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