Japanese main inflation has the highest level since January 2023, pressing Boja to increase prices

Japan’s main inflation rate increased in May to 3.7% since January 2023, and increased the rates to fight inflation, which is more pressure on the Japanese bank.

The figure that draws costs for fresh food was higher than 3.6% of the surveyed economists by Reuters and is up to 3.5% of readings.

Rice prices grow by 101.7% per year, increase in more than half a century.

Japan’s rice prices have recently recently released the country’s staple food prices by the government’s emergency reserve.

Title inflation was 3.5% compared to 3.6% in April. This notes that the 38th straight month is working on the target of inflation on the target of 2% of the bojun.

The so-called “basic core” inflation rate, which is both fresh food and energy prices and closely followed by the BOJ, has reached 3.3% of 3% a month ago.

Inflation figure comes as a central bank Assessed at 0.5% After this week, the money policy was held in him, he said statement This moving for sales prices to increase salaries, it continued to accelerate core inflation.

Battle Catling Kazuo Ueda It was reported that the Central Bank will continue to increase the rates of the Central Bank last week, “We will approach the inflation 2%, or walk around this level.”

At the same time, the Bank is expected to progress in inflation, “It is likely to be slow down under the inflation, mainly in the economy,” he said.

In separately, Japan’s GDP also decreased by 0.2% March ended in a quarter Compared to the decline in exports, compared to the previous period, the economy’s contract is celebrated for the first time in the year.