Prices rise 2.7% in fiscal 2012 as food prices continue to soar (Kyodo News)

The Ministry of Internal Affairs and Communications announced on the 18th that the national consumer price index (2020 = 100, excluding fresh food) for fiscal 2024 rose 2.7% from the previous fiscal year to 108.7. This is the fourth consecutive year of increase. The main factor is the rise in prices of food and daily necessities due to soaring raw material prices. The growth rate is the highest in 2023.