Back And Forward - Prices on the rise
Back and Forward is a regular column that takes a slightly irreverent look at some of Japan’s biggest business stories.
Although wages did not rise in October, the consumer price index saw its first rise of the year, climbing 1.0%. Though this may seem like good news for those looking for an escape from deflation, the rise seems to have been driven by higher oil prices and electricity bills. Japan includes energy, but not food, as part of its core CPI data. With energy costs stripped out of the figures, CPI fell by 0.1%. When food is tossed into the index, it shows a rise of 0.3% in October.
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