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Japan consumers' expected inflation rate rises to record 2.43% in Feb -govt survey

Published 02/15/2022, 09:42 PM
Updated 02/15/2022, 09:45 PM
© Reuters. 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

(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.

© Reuters. 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

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.

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