Tokyo core consumer prices up 4.0% in Dec., biggest rise since 1982

Core consumer prices in Tokyo rose 4.0 percent from a year earlier in December for the sharpest gain in over 40 years, in a fresh sign of broadening price hikes that hurt households and could add pressure on the Bank of Japan to tighten its policy, government data showed Tuesday.Tokyo's core consumer price index excluding volatile fresh food items rose by the most since April 1982 when it gained 4.2 percent. The gauge, seen as an indicator of what to expect nationwide, was above the BOJ's 2 percent target for the seventh straight month.In 2022, core consumer inflation accelerated 2.2 percen…READ FULL ARTICLE