27 consecutive months of rising prices, without matching wage increases.

Source:Consumer price index November 2023 data from the Ministry of Internal Affairs and communications in Japan.

The comprehensive index, including fresh food reflecting real-life experiences, increased by 2.8% 

The Ministry of Internal Affairs and Communications in Japan announced on the 22nd that the nationwide consumer price index for November (with 2020 as the base year = 100) rose by 2.5% to 106.4 compared to the same month of the previous year, excluding the price fluctuations of fresh food. This marks a continuous rise for 27 months. While food prices continue to rise, the cost of electricity and gas declined due to falling fuel prices, resulting in a growth rate that is 0.4 percentage points smaller than in October. The decrease in the growth rate is the first in two months.

Looking at the movement of the index in November by item, food excluding fresh foodstuff increased by 6.7% compared to the same month last year. The increase is attributed to the rising costs of raw materials and logistics, leading to higher prices for prepared foods and confectionery.