FILE PHOTO: Several flavours of ‘Umaibo’, a popular Japanese corn snack, are displayed at a confectionery wholesaler’s in Tokyo, Japan January 25, 2022. REUTERS/Akira Tomoshige
February 16, 2022
(Corrects day of the week in first paragraph)
TOKYO (Reuters) – Japanese consumers’ one-year forward expected inflation rate rose to 2.43% in February, a Consumer Affairs Agency survey showed on Wednesday, the highest since the survey started in December 2014.
It followed a reading of 2.16% in the previous month.
According to the preliminary result of the February survey of 2,000 consumers in Japan, 89.8% of respondents said the prices of everyday goods will rise in a year, also the highest percentage on record.
(Reporting by Kantaro Komiya; Editing by Tom Hogue)
Source: One America News Network
